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Rackspace Hosting Inc. (RAX) Sank To A 3-Month Low After Q4 Miss

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.

by RTTNews Staff Writer

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