Rackspace Hosting Inc. (RAX) reported second quarter net income of $0.18 per share after the close Tuesday, up from $0.13 per share last year. The consensus estimate was for EPS of $0.18.
Rackspace Hosting gapped open sharply higher Wednesday morning and is now up 7.23 at $56.53. The stock has been gaining ground for the past 2 weeks and has set a 3-month high.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.