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Rackspace's (RAX) stock earnings estimates were increased at Pacific Crest this morning after reporting higher-than-expected 2016 second-quarter results.
The cloud services company topped second-quarter forecasts, but Brexit fallout and lost sales from divested businesses will dampen results this year
Rackspace (RAX) stock is retreating in after-hours trading on downbeat guidance, despite reporting better-than-expected earnings and revenue for the 2016 second quarter.