Red Hat Gains

Pixar tumbles on increased reserves for DVD returns; 3M plans to reinvest in the U.S.; plus more of Friday's stocks in the news

Red Hat (RHAT ) posted 7 cents, vs. 6 cents a year ago, first-quarter earnings per share on a 46% revenue rise. The company reportedly sees 6 cents to 7 cents second-quarter earnings per share on revenues of $64 million to $65 million. S&P raises estimate and keeps hold.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.