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Tag Archives: earnings-announcement
Rackspace Shares Fall as Cloud Provider Reports Q2 Results
After announcing record results for Q2 2014 including $441 million in revenue, Rackspace share price has tumbled, as speculation about the cloud giant’s future continues. Rackspace opened at $29.50 on Wednesday, a fall of almost 6 percent since closing at $31.31 immediately before the earnings announcement on Monday. Continue reading