Riverbed Technology Q1 Profit Tops Estimate

(RTTNews) - Riverbed Technology, Inc. (RVBD) reported net income for the first quarter of $3.3 million or $0.02 per share, compared to a net loss of $8.1 million or $0.05 per share for the year-ago quarter.

Excluding items, adjusted net income for the first quarter was $40.4 million or $0.24 per share, compared to $38.7 million or $0.23 per share in the prior year quarter.

Total for the first quarter rose 8% to $265.42 million, while adjusted revenue for the quarter grew 5% to $265.92 million.

Analysts polled by Thomson Reuters expected the company to earn $0.23 per share on revenue of $265.79 million for the first quarter. Analysts' estimates typically exclude special items.