Rackspace Hosting Inc. (RAX) reported third quarter EPS of $0.26 after the bell Monday, up from $0.18 a year ago. Analysts expected EPS of $0.20.
Rackspace Hosting has gapped open sharply higher Tuesday morning and is now up 3.31 at $30.40 on above average volume. The stock has climbed to a month and a half high.
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