Riverbed Technology Rises In Pre-Market On Better-Than-Expected Results

showed substantial gains in pre-market trading on Friday, after its quarterly report showed better-than-expected results. The stock was up nearly 15% before the opening bell, rising $2.26 to $17.84. Thursday evening, the company reported a second-quarter net loss of $869 thousand or $0.01 per share, compared to net income of $3.9 million or $0.05 per share in the same quarter last year. On a non-GAAP basis, net income for the second quarter was $9.9 million or $0.13 per share, compared to $11.7 million or $0.16 per share in the prior year quarter. On average, 14 analysts polled by First Call/Thomson Financial expected the company earn $0.11 per share for the quarter. by RTT Staff Writer For comments and feedback: contact... [read full story]