Rackspace: Q3 Earnings Snapshot

Associated Press Finance

2024-11-13

SAN ANTONIO (AP) — SAN ANTONIO (AP) — Rackspace Technology, Inc. (RXT) on Tuesday reported a loss of $186.6 million in its third quarter.

The San Antonio-based company said it had a loss of 82 cents per share. Losses, adjusted for asset impairment costs and non-recurring costs, were 4 cents per share.

The company posted revenue of $675.8 million in the period.

For the current quarter ending in December, Rackspace expects its results to range from a loss of 5 cents per share to a loss of 3 cents per share.

The company said it expects revenue in the range of $668 million to $680 million for the fiscal fourth quarter.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on RXT at https://www.zacks.com/ap/RXT

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(RXT) on Tuesday reported a loss of $186.6 million in its third quarter.</p>\n<p>The San Antonio-based company said it had a loss of 82 cents per share. Losses, adjusted for asset impairment costs and non-recurring costs, were 4 cents per share.</p>\n<p>The company posted revenue of $675.8 million in the period.</p>\n<p>For the current quarter ending in December, Rackspace expects its results to range from a loss of 5 cents per share to a loss of 3 cents per share.</p>\n<p>The company said it expects revenue in the range of $668 million to $680 million for the fiscal fourth quarter.</p>\n<p>_____</p>\n<p>This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. 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Losses, adjusted for asset impairment costs and non-recurring costs, were 4 cents per share.\nThe company posted revenue of $675.8 million in the period.\nFor the current quarter ending in December, Rackspace expects its results to range from a loss of 5 cents per share to a loss of 3 cents per share.\nThe company said it expects revenue in the range of $668 million to $680 million for the fiscal fourth quarter.\n_____\nThis story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on RXT at https://www.zacks.com/ap/RXT","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1,"code":"91000000","status":"200"}}}