Internet real estate company
(Z - Get Report)
blew past Wall Street's fourth-quarter estimates on Wednesday, much to the delight of investors.
"It was a terrific quarter, ending a great year. I'm really proud of the year we had this year," Rascoff said in an interview with
Zillow ended the week up 25.08% at $44.93.
(RAX - Get Report) shares, however, took a
pounding on Tuesday after the company missed analysts' fourth-quarter revenue estimates.
"We're in a 'prove me' kind of state, where we have spent a lot of time, all of last year, building out a new cloud platform," Bryan McGrath, director of finance at Rackspace, told
. "Now the onus is on us to sell it and prove that we can run large production workloads on our cloud."
Rackspace shares tumbled 19.62% during the week's trading to close at $59 on Friday.
Tech earnings season rumbles on next week, with quarterly numbers from
(DELL - Get Report)
In the meantime, enjoy the Presidents' Day weekend!
--Written by James Rogers in New York.
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