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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Fool contributor Evan Niu owns shares of Amazon.com, but he holds no other position in any company mentioned. Click here to see his holdings and a short bio. The Motley Fool owns shares of Amazon.com. Motley Fool newsletter services have recommended buying shares of Rackspace Hosting and Amazon.com. The Motley Fool has a disclosure policy. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. Try any of our Foolish newsletter services free for 30 days.