Wednesday, December 26, 2012

Rax Rises 4% On Q3 Rev Beat

Data hosting firm Rackspace Hosting (RAX) this afternoon reported Q3 revenue ahead of analysts’ estimates.

Revenue in the three months ending in September was up 33%, year over year, at $265 million, yielding EPS of 14 cents a share.

Analysts had been modeling $261.6 million and 14 cents a share.

Adjusted Ebitda in the quarter rose 29%, year over year, to $88 million.

Rackspace shares are up $1.75, or 4%, at $43.50 in late trading.

Rackspace will hold a conference call with analysts beginning at 4:30 pm, Eastern, and you can listen in by dialing 888-287-5530.

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