Rackspace Pops 5% After Reporting Lackluster Q2 Results Buttressed By The Promise Of Share Buybacks

 Following the bell today, Rackspace reported its second quarter financial performance. The company mostly missed street expectations, with lower-than-expected revenue, and earnings-per-share that just met expectations. Shares in the hosting company are up just under six percent in after hours trading. Rackspace reported profit of $0.20 per share on revenue of $489 million in the three… Read More