First quarter earnings slipped for Rackspace Hosting Inc. (NYSE: RAX) to 18 cents per share from 19 cents per share in the year ago period but the results were better than expected and the company forecast current quarter revenue ahead of estimates. The stock price soared $2.47 to $30.00.
Rackspace Hosting Tops Estimates
May 13, 2014 at 13:20 PM EDT