NEW YORK (
(RAX - Get Report)
was one of tech's big losers in premarket trading Tuesday after the managed hosting specialist reported on Monday mixed
Shares of the San Antonio-based company plunged 14.01% to $49.70 before market open as investors responded to Rackspace's numbers. While the
rival beat Wall Street's revenue estimate, investors balked at the company's bottom line.
Rackspace, which does not break out non-GAAP EPS, said it earned 17 cents a share on net income of $23.2 million, up from 11 cents a share and $13.8 million in the prior year's quarter. Analysts surveyed by
were looking for earnings of 18 cents a share.
(CVLT - Get Report)
, however, was one of tech's winners, after reporting record fourth-quarter results before market open.
CommVault brought in revenue of $114 million, a 27% increase on the prior year's quarter, and well above Wall Street's forecast of $106 million. Excluding items, CommVault earned 29 cents a share, up from 25 cents a share in the same period last year.
"Our fourth quarter results concluded a strong fiscal 2012 where we achieved substantial improvements in all aspect of our business," explained
, the CommVault CEO, in a statement. "Our solid finish to fiscal 2012 reinforces the underlying strength of our business and we believe that we are entering fiscal 2013 with excellent momentum."
CommVault shares climbed 6.47% to $54 before market open as investors responded to the fourth-quarter numbers.
was one of the most active
stocks in premarket trading on Tuesday, rising 0.75% to $28.20 on share volume of 71,741.
reported on Tuesday that the Indian government has not directed the country's tax authorities to reopen a tax case against the telecom giant.
(AAPL - Get Report)
was another active Nasdaq stock in premarket trading, gaining 0.27% to reach $571 on share volume of 41,910.
--Written by James Rogers in New York.
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