Rackspace Hosting Inc. (RAX: Quote) 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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by RTT Staff Writer
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