Scalper1 News
Rackspace Hosting (RAX) stock jumped in early trading Tuesday after the Web hosting and cloud computing services provider late Monday reported Q3 earnings and revenue that solidly topped expectations. Rackspace said earnings rose 44% from the year-earlier quarter to 26 cents per share, as revenue increased 11% to $508.9 million. Analysts had modeled revenue of $503.2 million and EPS of 20 cents. “Revenue outperformance was driven by large deals Scalper1 News
Scalper1 News