Wednesday, April 13, 2011

Riverbed (RVBD) Pre-Announces Solid Earnings

Riverbed Technology (NASDAQ:RVBD) pre-announced earnings today, saying it expects earnings to be on the upside.

Earnings for the first quarter are expected to coming in at about 19 to 20 cents a share, beating former guidance of 18 cents a share.

Revenue for the quarter, according to Riverbed, should be at about $163-$164 million, versus the $159-$161 million it had estimated earlier.

Riverbed was trading at $35.03, gaining $4.11, or 13.29 percent, as of 1:15 PM EDT.

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