Rackspace: Q2 Earnings Snapshot

SAN ANTONIO (AP) — SAN ANTONIO (AP) — Rackspace Technology, Inc. (RXT) on Tuesday reported a loss of $27.2 million in its second quarter.

On a per-share basis, the San Antonio-based company said it had a loss of 13 cents. Losses, adjusted for non-recurring costs, came to 6 cents per share.

The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 8 cents per share.

The company posted revenue of $746.3 million in the period, also topping Street forecasts. Three analysts surveyed by Zacks expected $731.2 million.

For the current quarter ending in September, Rackspace expects its results to range from a loss of 6 cents per share to a loss of 4 cents per share.

The company said it expects revenue in the range of $722 million to $732 million for the fiscal third quarter.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on RXT at https://www.zacks.com/ap/RXT