Red Hat Inc. Q1 adjusted earnings Beat Estimates

(RTTNews) - Red Hat Inc. (RHT) revealed earnings for its first quarter that rose from last year.

The company's earnings came in at $141.12 million, or $0.76 per share. This compares with $113.19 million, or $0.59 per share, in last year's first quarter.

Excluding items, Red Hat Inc. reported adjusted earnings of $185.97 million or $1.00 per share for the period.

Analysts had expected the company to earn $0.86 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 14.8% to $934.11 million from $813.53 million last year.

Red Hat Inc. earnings at a glance:

-Earnings (Q1): $185.97 Mln. vs. $133.11 Mln. last year. -EPS (Q1): $1.00 vs. $0.72 last year. -Analysts Estimate: $0.86 -Revenue (Q1): $934.11 Mln vs. $813.53 Mln last year.