Reuters: Global Markets: Rackspace 1st-quarter profit misses estimates

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Rackspace 1st-quarter profit misses estimates May 7th 2012, 20:21 Mon May 7, 2012 4:21pm EDT (Reuters) - Rackspace Hosting Inc (RAX.N) reported a first-quarter profit that missed analysts' expectations, sending its shares down 13 percent in extended trade. Net income rose to $23.2 million, or 17 cents per share, from $13.8 million, or 10 cents a share, a year earlier. Analysts had expected earnings of 18 cents a share, excluding items, according to Thomson Reuters I/B/E/S. Shares of the company, which provides managed hosting services, fell $7.42 to $50.38 in aftermarket trading. (Reporting by Supantha Mukherjee in Bangalore; Editing by Don Sebastian)

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