Cowen Reiterates Outperform on Rackspace (RAX) Following 3Q Revenue Beat
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Rackspace (RAX) Strong Results and Better Outlook, Wells Fargo Notes; PT Lowered
November 10, 2015 7:29 AM ESTRackspace (NYSE: RAX) reported better than expected Q3 results with about 1% upside on revenue and a 5% beat on EBITDA expectations. Most notably sequential revenue trends improved meaningfully from the pace of 1H'15 and were on-par with the level of growth seen in... More
Rackspace (RAX) Beating Low Expectations is a Good Start But Execution is Needed - Needham & Company
November 10, 2015 6:53 AM ESTRackspace (NYSE: RAX) announced 3Q results of $509M in revenue/$0.26 in GAAP EPS vs. consensus estimates of $503M/$0.20. Guidance had implied revenue of $499-507M. Adjusted EBITDA Margin was 34.9%, up from 33.1% q/q (and above guidance for 33-34%).
Consolidated revenue was up 4% q/q (+3.8% in local currency) and up 10.7% y/y (or +12.9% cc). Results this quarter benefitted from (1) recognition of certain... More
After-Hours Stock Movers 11/09: (BLCM) (MDR) (RAX) Higher; (LF) (SGMS) (LGF) (GPS) Lower (more...)
November 9, 2015 6:09 PM ESTLeapFrog Enterprises (NYSE: LF) 23.7% LOWER; reported Q2 EPS of ($0.48), $0.29 worse than the analyst estimate of ($0.19). Revenue for the quarter came in at $67.2 million versus the consensus estimate of $88.49 million. The Company's updated outlook for fiscal year 2016 is for net sales to contract considerably relative to the prior year, and operating losses, excluding goodwill and impairments to be greater than fiscal year 2015... More
Rackspace (RAX) Tops Q3 EPS by 6c
November 9, 2015 4:07 PM ESTRackspace (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... More
Trading Radar for 11/9: DISH Network (DISH), WhiteWave Foods (WWAV), Caesars (CZR), Plug Power (PLUG), Arch Coal (ACI) Report
November 6, 2015 2:39 PM ESTThe Trading Radar highlights key earnings and economic announcements for the next trading session:
Before Markets Open:
Earnings:
Affiliated Managers Group (NYSE: AMG) - consensus EPS $2.87
Alnylam Pharma (Nasdaq: ALNY) - consensus loss $0.91
Altisource Residential (Nasdaq: RESI) - consensus EPS $0.39
Arch Coal (NYSE: ACI) - consensus loss $5.45
Atento S.A. (NYSE: ATTO) - consensus EPS $0.37
Avino Silver & Gold Mines (NYSE: ASM)... More
