Rackable Systems (RACK) Swings Another Loss
Rackable Systems (NASDAQ:RACK - News) shares gained 7.3% after the company swung to a quarterly loss from a year ago, hurt by charges, as sales rose 40% amid demand for corporate server and technology storage products. Rackable reported a third-quarter loss of $389,000, or 1 cent a share, due to stock-based compensation expenses and other charges related to its acquisition of Terrascale Technologies.
posted by Stock Administrator @ 10:38 PM
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