Scalper1 News
Rackspace Hosting late Tuesday reported Q4 earnings that topped views, but revenue and Q1 sales guidance missed estimates. Shares of Rackspace (RAX), which provides cloud computing and Web hosting services, were down 4% in after-hours trading after the earnings release. “Q1 looked a bit light on guidance,” Tim Horan, an analyst at Oppenheimer, told IBD via email. Rackspace said earnings rose 86% from the year-earlier quarter to 26 cents a share, Scalper1 News
Scalper1 News