Rackspace Hosting Inc. (RAX) reported first quarter net income of $0.19 per share after the close Wednesday, up from $0.17 per share last year. The consensus estimate was for EPS of $0.20. The stock is now down 5.69 on 416K shares.
Rackspace Hosting climbed for the majority of Wednesday's session and finished with a gain of 2.52 at $52.24. The stock rose to over a 5-week high.
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