Rackspace, CommVault: Premarket Movers
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 AT&T
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 Thomson Reuters were looking for earnings of 18 cents a share.
Storage specialist CommVault
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 Bob Hammer, 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.
--Written by James Rogers in New York.
>To follow the writer on Twitter, go to http://twitter.com/jamesjrogers.
>To submit a news tip, send an email to: email@example.com.