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Actionable news in RAX: RACKSPACE HOSTING Inc,

Rackspace Trips Over Guidance

Rackspace Holding Co. (NASDAQ: RAX) reported fourth quarter financial results after the markets closed on Tuesday. The company had $0.24 in earnings per share (EPS) on $522.8 million in revenue compared to consensus estimates from Thomson Reuters that called for $0.23 in EPS on $521.39 million in revenue. The same period from the previous year had $0.26 in EPS on $472.42 million in revenue.

In terms of guidance, the company expects revenue to be in the range of $517 million and $521 million for the first quarter, and to be $2.08 billion to $2.16 billion in...