Rackspace Technology Inc. is racking up stock-market gains in Tuesday's session after the cloud-computing company delivered an earnings report that analysts said highlighted improving trends.
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Rackspace Technology Inc. is racking up stock-market gains in Tuesday’s session after the cloud-computing company delivered an earnings report that analysts said highlighted improving trends.
The company posted a third-quarter net loss of $35 million, or 17 cents a share, compared with a loss of $101 million, or 54 cents a share, in the year-earlier quarter. On an adjusted basis, Rackspace RXT earned 25 cents a share, up from 19 cents a share a year prior and ahead of the FactSet consensus, which called for 24 cents a share.
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