Investing.com -- Rackspace reported Tuesday weaker-than-expected for the current quarter, but fourth-quarter results topped Wall Street estimates amid a year of transition for the cloud computing services provider.
Rackspace Technology Inc (NASDAQ:RXT) was up 1% in afterhours trading following the report.
For fiscal Q1, the company expects an adjusted loss in a range of $0.12 to $0.14 per diluted share on revenue of $680 million to $690 million, missing estimates for an adjusted loss of $0.04 per share on revenue of $709.8M.
The underwhelming guidance offset Q4 results that topped Wall Street estimates.
For the three months ended Dec. 31, the company reported an adjusted loss of $0.03 on revenue of $720M, above Wall Street estimates for a loss of $0.04 on revenue of $715.6M.