Earnings Tumble For Riverbed Technology
Posted on February 08, 2013 at 12:22 PM EST
Fourth quarter earnings tumbled for Riverbed Technology Inc. (Nasdaq: RVBD) to 3 cents per share compared with 12 cents per share in the year ago period due to acquisition related costs. The network gear maker forecast current quarter earnings below expectations sending the stock price plummeting $3.51 to $16.59.
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