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SAN FRANCISCO — Data services provider Riverbed Technology Inc. said its second-quarter loss narrowed on a boost in revenue from services.
For the three months ending June 30, the data services provider lost $290,000, but broke even on per share results. A year prior, the company lost $869,000, or 1 cent per share.
Revenue rose 12 percent to just under $91 million from $81.6 million.
Excluding one-time items, the company said it earned 14 cents per share. Analysts surveyed by Thomson Reuters expected profit of 14 cents per share on revenue of $93.6 million.
Riverbed's shares fell $4.72, or 18.5 percent, to $20.75 in after-hours trading after rising 88 cents, or 3.6 percent, to close at $25.47 during the regular trading session.
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