Rackspace Announces Better-Than-Expected Q3 Results, Including Revenue of $509M, Plans $350M Debt Offering

Following the bell, Rackspace announced its third-quarter financial results, including revenue of $509 million and earnings per share of $0.26. The market had expected Rackspace to report $0.20 in per-share profit off revenue of $503.08 million. Down nearly four points in regular trading, the company has swayed both positive and negative following its earnings announcement; investors, it seems…
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