RXT - These Analysts Revise Their Forecasts On Rackspace Technology After Q4 Results | Benzinga
Rackspace Technology, Inc. (NASDAQ: RXT) reported upbeat fourth-quarter results, but issued first-quarter guidance below estimates. The company announced refinancing transactions.
Rackspace Tech posted adjusted loss of 3 cents per share, compared to market expectations for a loss of 4 cents per share. The company’s quarterly sales came in at $720.000 million versus estimates of $714.720 million, according to data from Benzinga Pro.
Amar Maletira, Chief Executive Officer, stated, "I'm pleased to announce that our results for the fiscal fourth quarter of 2023 exceeded the midpoint of our revenue, operating profit, and EPS guidance. FY23 was a period of transition, through which we focused on implementing ...