Rackspace: Q4 Earnings Snapshot
News > National News
Audio By Carbonatix
2:04 PM on Thursday, February 20
The Associated Press
SAN ANTONIO (AP) — SAN ANTONIO (AP) — Rackspace Technology, Inc. (RXT) on Thursday reported a loss of $60.4 million in its fourth quarter.
The San Antonio-based company said it had a loss of 26 cents per share. Losses, adjusted for non-recurring costs, were 2 cents per share.
The company posted revenue of $685.6 million in the period.
For the year, the company reported a loss of $862.6 million, or $3.84 per share. Revenue was reported as $2.74 billion.
For the current quarter ending in March, Rackspace expects its results to range from a loss of 9 cents per share to a loss of 7 cents per share.
The company said it expects revenue in the range of $653 million to $665 million for the fiscal first quarter.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on RXT at https://www.zacks.com/ap/RXT
