Scalper1 News
Rackspace Hosting (RAX) stock plunged in after-hours trading Monday after the Web hosting and cloud services provider reported Q1 revenue that missed estimates, as did its Q2 revenue forecast. San Antonio-based Rackspace said that its Q1 earnings rose 9% from the year-earlier quarter to 20 cents per share, in line with views. For the current quarter, Rackspace forecast revenue growth in a range of “1.5% and 2.5% on a constant currency basis,” Scalper1 News
Scalper1 News