Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Shares of Rackspace Hosting
So what: Revenue rose 31% to $301 million, with earnings per share of $23.2 million, or $0.17 per share. That bottom-line figure was a mere penny shy of what the Street was looking for. Investors may also be concerned that Rackspace's revenue growth may be decelerating amid increasing competition.
Now what: Amazon.com
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