Rackspace (RAX) Misses Q2 EPS by 4c

Rackspace (NYSE: RAX) reported Q2 EPS of $0.16, $0.04 worse than the analyst estimate of $0.20. Revenue for the quarter came in at $489 million versus the consensus estimate of $490.54 million.

For the third quarter of 2015, Rackspace expects revenue to grow between 2.0 percent and 3.5 percent on a constant currency basis and adjusted EBITDA margins to be between 33 percent and 34 percent. For the fourth quarter of 2015, we expect revenue to grow between 2.0 percent and 3.5 percent, on a constant currency basis. We expect adjusted EBITDA margins to be between 33 percent and 34 percent. For the full year, we expect revenue to grow between 12 percent and 14 percent, on a constant-currency basis. We expect adjusted EBITDA margins to be between 33 percent and 34 percent.

For earnings history and earnings-related data on Rackspace (RAX) click here.

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