Rackspace Technology inventory was falling arduous as traders responded to monetary forecasts that appeared to have overshadowed better-than-expected quarterly numbers.
The cloud-based supplier of software program and companies mentioned on Tuesday it expects income to be within the vary of $768 million to $778 million for its fiscal first quarter, which ends in March. The consensus name on Wall Street was for income of $791 million. Per-share earnings are anticipated to be 20 cents to 22 cents, whereas Wall Street had anticipated 26 cents.
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