Rackspace Hosting Inc. (RAX) reported third quarter EPS of $0.18 after the close Monday, compared to $0.11 in the previous year. The consensus estimate was for EPS of $0.16.
Rackspace Hosting gapped open sharply higher Tuesday morning and is now up 2.57 at $39.89 on above average volume. The stock is now challenging resistance at the highs of the year.
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