What's Going On With Rackspace Technology Stock Today? - Rackspace Technology (NASDAQ:RXT)

Rackspace Technology, Inc. (NASDAQ:RXT) is down 4% on Wednesday. Rackspace Technology is set to report fourth-quarter earnings on Thursday. Analysts expect a loss of 1 cent per share on $672.56 million in revenue.In the third quarter, the company reported a loss of 5 cents per share, in line with consensus estimates, while revenue of $671.20 million narrowly exceeded expectations of $666.83 million.Over the past four quarters, Rackspace has averaged an earnings per share surprise of 0.24% and a revenue surp ...