Red Hat misses estimates -- splits stock

Red Hat Inc. (Nasdaq:RHAT) missed estimates by a penny Monday in its third quarter and said it would issue a 2-for-1 stock split.

Red Hat reported a loss of $3.6 million, or a nickel a share, on sales of $5.4 million. The results were a penny behind First Call consensus. Third quarter sales were up 24 percent compared to $4.4 million in the second quarter. Full story. -- Larry Dignan, ZDNet Inter@ctive Investor