Rackspace Tech RXT reported its Q2 earnings results on Tuesday, August 9, 2022 at 04:00 PM.
Here's what investors need to know about the announcement.
Rackspace Tech beat estimated earnings by 6.25%, reporting an EPS of $0.17 versus an estimate of $0.16.
Revenue was up $28.40 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.01 which was followed by a 5.33% drop in the share price the next day.
Here's a look at Rackspace Tech's past performance:
|Quarter||Q1 2022||Q4 2021||Q3 2021||Q2 2021|
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Rackspace Tech management provided guidance for Q3 2022, expecting earnings between $0.08 and $0.1 per share.
To track all earnings releases for Rackspace Tech visit their earnings calendar here.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
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