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Riverbed meets 3Q profit forecasts
[October 23, 2014]

Riverbed meets 3Q profit forecasts


(Associated Press Via Acquire Media NewsEdge) SAN FRANCISCO (AP) _ Riverbed Technology Inc. (RVBD) on Thursday reported third-quarter earnings of $11.5 million.

The San Francisco-based company said it had profit of 7 cents per share. Earnings, adjusted for one-time gains and costs, came to 30 cents per share.

The results met Wall Street expectations. The average estimate of analysts surveyed by Zacks Investment Research was also for earnings of 30 cents per share.

The computer networking equipment maker posted revenue of $276.4 million in the period, missing Street forecasts. Analysts expected $279.2 million, according to Zacks.




Riverbed shares have increased 3 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $18.62, a rise of 31 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. RVBD stock research report from Zacks: http://www.zacks.com/ap/RVBD Keywords:Riverbed,Earnings Report

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