Riverbed Technology Falls 5% Despite Beating Estimates

Riverbed Technology RVBD released its fourth quarter earnings results after the closing bell on Thursday. The company reported net income of $20.2 million or $0.12 per share, versus $12.6 million or $0.08 per share, in the year ago period. On a non-GAAP basis, which is comparable to analysts' consensus, Riverbed posted EPS of $0.25. This came in ahead of Wall Street EPS estimates of $0.24. Revenues at the company were up 22.6 percent to $202.8 million. This also exceeded analysts' consensus estimates of $200.8 million. In after hours trading, RVBD shares had lost 5.41% to $28.30 at last check.