Rackspace Technology Inc. Stock News

Rackspace Technology Inc. is racking up stock-market gains in Tuesday's session after the cloud-computing company delivered an earnings report that analysts said highlighted improving trends.

Rackspace Technology stock jumped after the provider of cloud-based software and services posted better-than-expected financial results.

Rackspace Technology (NASDAQ:RXT) announced its quarterly earnings results on Monday. The company reported $0.25 earnings per share (EPS) for the quarter, beating analysts consensus estimates of $0.24 by $0.01, MarketWatch Earnings reports. The firm had revenue of $763.00 million for the quarter, compared to the consensus estimate of $756.03 million. Rackspace Technology had a negative []

Rackspace Technology (NASDAQ:RXT) issued an update on its FY 2021 earnings guidance on Monday morning. The company provided earnings per share (EPS) guidance of $0.950-$0.970 for the period, compared to the Thomson Reuters consensus estimate of $0.950. The company issued revenue guidance of $2.82 billion-$2.82 billion, compared to the consensus revenue estimate of $3 billion.Rackspace []

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(RTTNews) - Shares of Rackspace Technology, Inc. (RXT) gained over 9% on Monday''s after-hours trading, driven by the cloud technology company''s third-quarter results, with earnings and revenues trumping Street view. Third-quarter net loss was $35 million or $0.17 per share, compared to net loss of $101 million or $0.54 per share last year.

Record Revenue of $763 million in the Third Quarter, up 12% Year-over-YearCore Revenue Grew 15% to $718 millionNet loss of $(35) million, or $(0.17) per diluted shareNon-GAAP Earnings Per Share Gre

SAN ANTONIO, Nov. 15, 2021 (GLOBE NEWSWIRE) -- Rackspace Technology, Inc. (Nasdaq: RXT), a leading end-to-end multicloud technology solutions company, today announced results for its third quarter ended September 30, 2021.

Rackspace Technology, Inc. (RXT) CEO Kevin Jones on Q3 2021 Results - Earnings Call Transcript

Rackspace (RXT) delivered earnings and revenue surprises of 4.17% and 0.83%, respectively, for the quarter ended September 2021. Do the numbers hold clues to what lies ahead for the stock?

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