Rackspace Hosting Inc. (RAX) reported that its third-quarter net income increased to $7.604 million or $0.06 per share from $5.235 million or $0.04 per share last year.
On average, 15 analysts polled by Thomson Reuters expected the company to report profit of $0.07 per share for the quarter. Analysts' estimates typically exclude special items.
Net revenue increased to $162.40 million from $138.35 million last year. Analysts expected revenue of $159.05 million for the quarter.
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