Rackspace (RXT) Reports Q2 Loss, Tops Revenue Estimates

Rackspace (RXT) came out with a quarterly loss of $0.08 per share versus the Zacks Consensus Estimate of a loss of $0.11. This compares to loss of $0.06 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 27.27%. A quarter ago, it was expected that this company would post a loss of $0.13 per share when it actually produced a loss of $0.11, delivering a surprise of 15.38%. Over the last four quarters, the company has surpassed con ...