Riverbed Technology raises and guides Q4 EPS and revs; guides Q1 revs above consensus
Co issues upside guidance for Q4 (Dec), sees EPS of $0.30-0.31, excluding non-recurring items, vs. $0.26 Capital IQ Consensus Estimate and above previous guidance of $0.26 -0.27; sees Q4 (Dec) revs of $284-285 mln vs. $273.26 mln Capital IQ Consensus Estimate and above previous guidance of $270-276 mln
1Q14 guidance
Co issues upside guidance for Q1 (Mar), sees EPS of $0.21-0.23, excluding non-recurring items, vs. $0.23 Capital IQ Consensus Estimate; sees Q1 (Mar) revs of $262-268 mln vs. $258.50 mln Capital IQ Consensus Estimate.
Commentary: "...Sales in the fourth quarter exceeded our expectations across all major product lines and geographies, demonstrating strong ongoing demand and the differentiated value that we deliver to customers across our full product portfolio...