Riverbed Technology Q1 Profit Declines; Shares Plunge 17%
Riverbed Technology Q1 Profit Declines; Shares Plunge 17%
IT solutions provider Riverbed Technology, Inc. (RVBD) reported
Thursday a profit for the first quarter that decreased from a year
ago, due mainly to higher expenses. However, adjusted earnings per
share remained flat with last year and met analysts' expectations
as revenues increased, but missed their estimates. Following the
announcement, Riverbed shares plunged more than 17 percent in
after-hours trade.view original article
