Rackspace is a loser in premarket trading following the company's third-quarter results.
NEW YORK (TheStreet) - Rackspace(:RAX) was a loser in premarket trading Wednesday following the company's third-quarter results released on Tuesday.
The San Antonio, Texas.-based company reported revenue and profit in line with Wall Street's expectations, although investors were unimpressed by the numbers.
Rackspace shares were down 2.24% to $64.6 before market open.
Facebook(:FB) was another laggard, down 1.71% to $20.81 before market open. The social networking phenomenon was also one of the most active premarket Nasdaq stocks on share volume of 256,004.
Sirius XM(:SIRI) shares were off 0.73% to $2.79 on share volume of 548,037.
Apple(:AAPL) was also down in premarket trading on Wednesday, slipping 1.07% to $574 on share volume of 193,588.
On Tuesday, the tech giant was told to pay $368.2 million to VirnetX(:VHC), according to media reports. A federal jury ruled that Apple infringed VirnetX patents for VPN technology related to the company's FaceTime offering, Bloomberg reported.
--Written by James Rogers in New York.
>To submit a news tip, send an email to: firstname.lastname@example.org.