Rackspace, Priceline, Sirius: Tech Premarket
The AT&T(T) and Savvis rival reported revenue of $319 million, an increase of 29% on the prior year's quarter, and above Wall Street's forecast of $317.7 million. Currency pressures, however, impacted net revenue by $2.3 million compared with the same period last year.
Rackspace, which does not break out non-GAAP EPS, said it earned 18 cents a share on net income of $25.1 million, up from 13 cents and $17.6 million in the same period last year. Analysts surveyed by Thomson Reuters were looking for earnings of 18 cents a share.
The numbers pushed shares of Rackspace up 12.37% to $55.40 before market open Wednesday.
The online travel specialist, which reported its second-quarter results after market close on Tuesday, cited weakness in Europe as one of the main reasons for its soft guidance.
Priceline shares plunged 15.27% to $576 before market open. The Norwalk, Conn.-based firm was also one of the most active premarket Nasdaq stocks on share volume of 88,553.
The satellite radio specialist was also an active premarket Nasdaq stock on share volume of 190,356.
Facebook(FB) was another active Nasdaq stock, dipping 0.77% to $20.56 on share volume of 126,465.
--Written by James Rogers in New York.