News: Red Hat Inc (RHT.N)

RHT.N on New York Stock Exchange

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Thu, Jun 19 2014

CORRECTED-UPDATE 2-Red Hat raises revenue forecast on strong subscription growth (June 18)

(In June 18 story, corrects paragraph 1 to say company raised full-year revenue, not adjusted profit, forecast. Corrects paragraph 5 to say company cut its full-year adjusted profit forecast to $1.52-$1.54 per share, not raised it to $1.59-$1.61)

CORRECTED-BRIEF-Red Hat gives Q2, FY outlook - conf call (June 18)

(In June 18 Brief, corrects last alert to show the company's EPS forecast was 'non-GAAP'. Also, deletes alert 'expects FY 2015 non-GAAP EPS of $1.59-$1.61')

Red Hat raises revenue forecast on strong subscription growth

- Red Hat Inc, the world's largest commercial distributor of the Linux operating system, raised its full-year adjusted profit and revenue forecast, helped by strong growth in subscription revenue.

UPDATE 2-Red Hat raises revenue forecast on strong subscription growth

* Sees full-year revenue $1.76-$1.785 bln vs est $1.75 bln

Red Hat 1st-qtr results beat estimates on subscription growth

June 18 - Red Hat Inc, the world's largest commercial distributor of the Linux operating system, reported better-than-expected adjusted profit and revenue for the first quarter, helped by growth in subscriptions.

Deals of the day- Mergers and acquisitions

(Adds Shell, Vale, Etihad Etisalat, America Movil and others; updates Exelon Corp)

US STOCKS-Wall St rallies, S&P 500 cuts losses for the week

* Indexes up: Dow 0.8 pct, S&P 0.8 pct, Nasdaq 1 pct (Updates to open, adds sentiment data)

US STOCKS-Futures point to Wall St gains on hopes for China stimulus

* Momentum stocks still in focus, Netflix down in premarket

Red Hat forecasts disappointing full-year profit

- Red Hat Inc reported better-than-expected quarterly results, helped by strong subscription growth for its Linux operating system, but forecast full-year adjusted profit below average analyst estimate.

UPDATE 2-Red Hat forecasts disappointing full-year profit

* Sees 2015 rev $1.73-$1.755 bln vs est $1.76 bln (Adds forecast; updates shares)

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