WASHINGTON (dpa-AFX) - Riverbed Technology, Inc. (RVBD) Thursday reported second-quarter profit of $6.8 million or $0.04 per share, compared to a loss of $16.5 million or $0.10 per share in the same period last year.
Adjusted earnings for the quarter were $42.6 million or $0.26 per share. On average, 33 analysts polled by Thomson Reuters expected the company to earn $0.27 per share for the quarter. Analysts' estimates typically exclude special items.
Revenues increased to $264 million from $250 million last year. Analysts expected revenues of $270.55 million.
Looking ahead to the third quarter, the company has forecast adjusted earnings in the range of $0.30 to $0.32 per share, with revenues in the order of $285 million to $291 million.
Analysts currently expect the company to earn $0.30 per share on third-quarter revenues of $285.04 million.
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