Scalper1 News
Rackspace Hosting (RAX) stock rose after the cloud computing and Web hosting service company reported Q1 profit and revenue above estimates and raised its forecast for current quarter sales. Rackspace’s shares were up more than 12% in early trading in the stock market today. San Antonio-based Rackspace reported Q1 results late Monday. Rackspace earned 18 cents per share, down a penny from a year earlier. Revenue rose 16% to $421 million, Rackspace Scalper1 News
Scalper1 News