Rackspace Q1 Revenue Outlook Light On FX Headwinds

By | February 17, 2015

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