Rackspace Q3 Revs Beat; EPS Light; Stock Drops - Eric Savitz (Barron's)

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Rackspace Q3 Revs Beat; EPS Light; Stock Drops
Nov 09, 2009 09:43 PM UTC

Eric Savitz (Barron's)

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Symbol	Sentiment	Start	Return	Closed
RAX	n/a

Via BARRONS.com: Tech Trader Daily - Barron's Online:

Rackspace Holdings (RAX) posted Q3 revenue of $162.4 million, up 17.4% year-over-year and 6.8% sequentially, and ahead of the Street at $159.1 million. The hosting and cloud-computing services provider reported diluted EPS of 4 cents a share, falling short of the Street consensus at 7 cents.

In late trading, RAX is down 90 cents, or 4.9%, to $17.42.

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