Riverbed Technology, Inc. (RVBD) reported a net loss for the first quarter of $8.1 million or $0.05 per share, compared to net income of $6.9 million or $0.04 per share for the year-ago quarter.
Excluding items, adjusted net income for the first quarter was $39 million or $0.23 per share, compared to $33 million or $0.20 per share in the prior year quarter.
Revenue for the first quarter rose 35% to $246.14 million from $182.41 million a year ago.
Adjusted revenue for the quarter increased 38% to $252.62 million from $183.24 million last year.
Analysts polled by Thomson Reuters expected the company to earn $0.24 per share on revenue of $261.15 million for the first quarter. Analysts' estimates typically exclude special items.
For comments and feedback: editorial@rttnews.com