Rackspace Technology, Inc. - Common Stock (RXT)

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Despite what can be described as an Oprah Winfrey-level amount of tariff announcements coming out of the White House since Friday’s market close, yesterday was relatively muted.

RXT stock results show that Rackspace Tech beat analyst estimates for earnings per share and beat on revenue for the second quarter of 2024.

RXT stock results show that Rackspace Tech beat analyst estimates for earnings per share and beat on revenue for the first quarter of 2024.

Wall Street is seeing a day of gains as all major indices traded in the green around noon in New York, driven by a surprising uptick in unemployment claims prompting speculation over Federal Reserve interest rate cuts.

Trading in U.S. index futures suggests stocks may be off to a lackluster start again on Thursday.

According to FactSet, a financial data analytics firm, 80% of S&P 500 companies have reported earnings so far.

Rackspace Technology, Inc. (NASDAQ: RXT) reported upbeat fourth-quarter results, but issued first-quarter guidance below estimates. The company announced refinancing transactions.

U.S. stocks were mixed, with the Dow Jones index surging more than 100 points on Wednesday.

Shares of Clover Health Investments, Corp. (NASDAQ: CLOV) rose sharply during Wednesday’s session after the company reported better-than-expected fourth-quarter revenue results and issued FY24 insurance revenue guidance.