Rackspace (RAX) Tops Q3 EPS by 6c

Rackspace (NYSE: RAX) reported Q3 EPS of $0.26, $0.06 better than the analyst estimate of $0.20. Revenue for the quarter came in at $509 million versus the consensus estimate of $503.08 million.

For the fourth quarter of 2015, Rackspace expects revenue to grow between 2.0 percent and 3.0 percent quarter-over-quarter, on a constant currency basis, and expects Adjusted EBITDA margins to be between 33 percent and 34 percent. For the full year, Rackspace continues to expect revenue to grow between 12 percent and 14 percent year-over-year, on a constant-currency basis, and expects 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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