Rackspace (RXT) Reports Q3 Loss, Tops Revenue Estimates [Yahoo! Finance]
Rackspace Technology, Inc. (RXT)
Company Research
Source: Yahoo! Finance
This compares to loss of $0.04 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 50%. A quarter ago, it was expected that this company would post a loss of $0.11 per share when it actually produced a loss of $0.08, delivering a surprise of 27.27%. Over the last four quarters, the company has surpassed consensus EPS estimates four times. Rackspace , which belongs to the Zacks Technology Services industry, posted revenues of $675.8 million for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 0.85%. This compares to year-ago revenues of $732.4 million. The company has topped consensus revenue estimates four times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Rackspace shares have added about
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RXT
News
- Rackspace Technology Launches Adaptive Cloud Manager to Support Rapid Growth of Hybrid Cloud Deployments [Yahoo! Finance]Yahoo! Finance
- Rackspace Technology Launches Adaptive Cloud Manager to Support Rapid Growth of Hybrid Cloud DeploymentsGlobeNewswire
- Rackspace Technology, Inc. (NASDAQ: RXT) had its price target raised by analysts at Barclays PLC from $1.00 to $2.00. They now have an "underweight" rating on the stock.MarketBeat
- Rackspace Technology Delivers One of the Largest Third-Party Epic Cloud Deployments for AdventHealth, Covering 53 Hospitals across Nine States [Yahoo! Finance]Yahoo! Finance
- Rackspace Technology Delivers One of the Largest Third-Party Epic Cloud Deployments for AdventHealth, Covering 53 Hospitals across Nine StatesGlobeNewswire
RXT
Earnings
- 11/12/24 - Beat
RXT
Sec Filings
- 11/14/24 - Form SC
- 11/12/24 - Form 10-Q
- 11/12/24 - Form 8-K
- RXT's page on the SEC website