Rackspace Tech RXT reported its Q2 earnings results on Tuesday, August 9, 2022 at 04:00 PM.
Here’s what investors need to know about the announcement.
Rackspace Tech beat estimated earnings by 6.25%, reporting an EPS of $0.17 versus an estimate of $0.16.
Revenue was up $28.40 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.01 which was followed by a 5.33% drop in the share price the next day.
Here’s a look at Rackspace Tech’s past performance:
|Quarter||Q1 2022||Q4 2021||Q3 2021||Q2 2021|
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Rackspace Tech management provided guidance for Q3 2022, expecting earnings between $0.08 and $0.1 per share.
To track all earnings releases for Rackspace Tech visit their earnings calendar here.
This article was generated by Benzinga’s automated content engine and reviewed by an editor.
Image and article originally from www.benzinga.com. Read the original article here.