Red Hat Inc. Q2 adjusted earnings Beat Estimates

(RTTNews) - Red Hat Inc. (RHT) revealed earnings for second quarter that dropped from last year.

The company's profit totaled $86.85 million, or $0.46 per share. This compares with $97.09 million, or $0.53 per share, in last year's second quarter.

Excluding items, Red Hat Inc. reported adjusted earnings of $156.58 million or $0.85 per share for the period.

Analysts had expected the company to earn $0.82 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 13.7% to $822.75 million from $723.36 million last year.

Red Hat Inc. earnings at a glance:

-Earnings (Q2): $156.58 Mln. vs. $138.44 Mln. last year. -EPS (Q2): $0.85 vs. $0.77 last year. -Analysts Estimate: $0.82 -Revenue (Q2): $822.75 Mln vs. $723.36 Mln last year.

-Guidance: Next quarter EPS guidance: $0.87 Next quarter revenue guidance: $848 - $856 Mln Full year EPS guidance: $3.45 - $3.49 Full year revenue guidance: $3.36 - $3.395 Bln