Rackspace Hosting Inc. (RAX) reported fourth quarter net income of $0.21 per share after the bell Tuesday, compared to $0.18 per share last year. The consensus estimate was for EPS of $0.22.
Rackspace Hosting gapped open sharply lower Wednesday and declined for the majority of the session. Shares finished with a loss of 14.68 at $60.30 on the highest volume of the year. The stock sank to a 3-month low.
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Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.