Orlando, FL -- (SBWIRE) -- 09/26/2013 -- Hot Stock Profits provides investors and traders with valuable trading tools and content as well as micro-cap stock alerts via eMail and text messages. To Join Our Text Message Alerts Service Just Text The Word Stocks To 555888 From Your Cell Phone. Our Focus Today Is On Red Hat, Inc. (NYSE:RHT), Rite Aid Corporation (NYSE:RAD).
Red Hat, Inc. (NYSE:RHT) shares climbed 0.34% to $46.89. The company on Sept. 23 said its fiscal second-quarter profit rose 17% as the company posted continued subscription-revenue growth as well as steady margins.
For the quarter ended Aug. 31, RHT reported a profit of $40.8 million, or 21 cents a share, up from $35 million, or 18 cents a share, a year earlier. Adjusted per-share earnings rose to 35 cents from 28 cents. Revenue climbed 16%, to $374.4 million. Excluding currency fluctuations, revenue was up 17% from a year earlier. The company in June said it expected adjusted per-share earnings of 32 cents to 33 cents on revenue of $370 million to $373 million, in line with expectations.
Additionally, the company on Sept. 25 announced that Red Hat CIO, Lee Congdon, will be speaking at XChange's "The Best of Breed" conference in Tampa, Fla. on Oct. 17, 2013. Hosted by the UBM Tech Channel, a leader in IT channel reporting, this event is set to cover sessions designed to discuss and uncover the channel of the future and distinguish the pathways for growth. XChange "Best of Breed" conference attendees will be connecting to learn about where cloud computing is taking the channel, the changing role of today's CIO, how mobility has changed go-to-market strategies, and more.
Are investors worried about the recent updates with RHT? Find out with a free trend analysis HERE
Rite Aid Corporation (NYSE:RAD) shares declined 1.01% to $4.89. The company on Sept. 19 reported operating results for its fiscal second quarter ended Aug. 31, 2013. The company reported revenues of $6.3 billion, net income of $32.8 million or $0.03 per diluted share, and Adjusted EBITDA of $341.6 million, or 5.4 percent of revenues.
Revenues for the 13-week quarter were $6.3 billion versus revenues of $6.2 billion in the prior year second quarter. Net income was $32.8 million or $0.03 per diluted share compared to last year's second quarter net loss of $38.8 million or $0.05 per diluted share.
Is RAD going to continue its rally or drop like a rock? Find out with a free trend analysis HERE
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