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RXT / RackSpace stock jumps 15% after earnings beat

Shares of RackSpace Technology Inc. RXT, -3.65% rallied more than 15% in the extended session Wednesday after the cloud-computing company beat Wall Street expectations for its adjusted quarterly profit and sales also topped views. RackSpace lost $214 million, or $1.01 a share, in the fourth quarter, compared with a loss of $83 million, or 39 cents a share, in the fourth quarter of 2021. Read More

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Posted: Feb 22 2023, 16:48

Author Name: Market Watch

RXT News

By GlobeNewsWire
October 23, 2023

Rackspace Technology to Announce Third Quarter 2023 Earnings on Tuesday, November 7, 2023

SAN ANTONIO, Oct. 23, 2023 (GLOBE NEWSWIRE) -- Rackspace Technology ® (NASDAQ: RXT) — a leading end-to end, hybrid multicloud technology solutio

By Seeking Alpha
September 14, 2023

Rackspace Technology: Attractive TAM But Challenges Persist In The Near Term

Rackspace Technology, Inc. operates in a promising market with a large and growing multi-cloud TAM. The company's Public Cloud business is currently f

By Zacks Investment Research
August 8, 2023

Rackspace (RXT) Reports Q2 Loss, Tops Revenue Estimates

Rackspace (RXT) came out with a quarterly loss of $0.06 per share versus the Zacks Consensus Estimate of a loss of $0.08. This compares to earnings of

By GlobeNewsWire
July 24, 2023

Rackspace Technology to Announce Second Quarter 2023 Earnings on Tuesday, August 8, 2023

SAN ANTONIO, July 24, 2023 (GLOBE NEWSWIRE) -- Rackspace Technology ® (NASDAQ: RXT)— a leading end-to end, multicloud technology solutions comp

By Seeking Alpha
July 14, 2023

Rackspace Restructures To Counteract Revenue Decline And Operating Losses

Rackspace Technology, Inc. provides organizations with an array of Public and Private Cloud services. The firm will likely produce top line revenue co

By The Motley Fool
July 6, 2023

Why Rackspace Technology Stock Soared 74% Last Month

A strategic shift toward artificial intelligence (AI) gave the cloud computing firm's shares a serious boost in June 2023. Rackspace's AI moves includ

By Seeking Alpha
May 9, 2023

Rackspace Technology, Inc. (RXT) Q1 2023 Earnings Call Transcript

Rackspace Technology, Inc. (NASDAQ:RXT ) Q1 2023 Results Conference Call May 9, 2023 5:00 PM ET Company Participants Robert Watson - VP, Corporate Fin

By Zacks Investment Research
May 9, 2023

Rackspace (RXT) Reports Q1 Loss, Tops Revenue Estimates

Rackspace (RXT) came out with a quarterly loss of $0.02 per share versus the Zacks Consensus Estimate of a loss of $0.03. This compares to earnings of

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