Rackspace: Q3 Earnings Snapshot

Associated Press Finance
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SAN ANTONIO (AP) — SAN ANTONIO (AP) — Rackspace Technology, Inc. (RXT) on Tuesday reported a loss of $226.6 million in its third quarter.

The San Antonio-based company said it had a loss of $1.05 per share. Losses, adjusted for asset impairment costs and non-recurring costs, came to 4 cents per share.

The company posted revenue of $732.4 million in the period.

For the current quarter ending in December, Rackspace expects its results to range from a loss of 5 cents per share to a loss of 3 cents per share.

The company said it expects revenue in the range of $710 million to $720 million for the fiscal fourth 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

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