Riverbed Technology Q3 Profit Beats Estimates - Quick Facts

(RTTNews) - Riverbed Technology (RVBD), the application performance company, reported that its third-quarter net income decreased to $3.82 million or $0.02 per share, from $24.73 million or $0.15 per share, last year. Adjusted net income was $43.3 million, or $0.26 per share, for the quarter.

On average, 31 analysts polled by Thomson Reuters expected the company to report profit per share of $0.23 for the quarter. Analysts' estimates typically exclude special items.

GAAP revenue was $262 million, compared to $219 million, representing 20% year-over-year growth. Non-GAAP revenue was $265 million, an increase of 21% compared to $219 million, a year ago. Analysts expected revenue of $267.44 million for the quarter.