Rackspace Pops 5% After Reporting Lackluster Q2 Results Buttressed By The Promise Of Share Buybacks

rackspace-earnings Following the bell today, Rackspace reported its second quarter financial performance. The company mostly missed street expectations, with lower-than-expected revenue, and earnings-per-share that just met expectations. Shares in the hosting company are up just under six percent in after hours trading. Rackspace reported profit of $0.20 per share on revenue of $489 million in the three… Read More

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