By: Benzinga
Rackspace Hosting Tumbles After Company Misses on Revenue
Shares of Rackspace Hosting (NYSE: RAX ) tumbled after-hours on Tuesday after the webspace hosting company reported earnings. Rackspace posted an earnings per share figure of $0.21, inline with analyst expectations. Revenue, however, was a bit light at $352.9 million, less than the $355.42 million. Shares of Rackspace were down
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