Updated from 5:35 p.m. ET to add information on Transocean and latest share prices




) -- Shares of

Riverbed Technology


fell in late trades Thursday as Wall Street was less than impressed with a penny beat from the maker of network management products.

The San Francisco-based company reported non-GAAP earnings of $41 million, or 25 cents a share, on revenue for $204 million for the three months ended Dec. 31. That's up slightly from its equivalent profit of $40 million, or 24 cents a share, on revenue of $191 million in the third quarter.

The average estimate of analysts polled by

Thomson Reuters

was for earnings of 24 cents a share in the latest quarter on revenue of $200.8 million.

The stock was last quoted at $25.80, down 13.8%, on volume of nearly 1.4 million, according to


. Based on Thursday's regular-session close at $29.92, the shares were down 15% in the past year.

Since the calendar turned though Riverbed's stock has seen a resurgence, rising more than 25% and boosting the pressure on the company to outperform this past quarter. Back on Oct. 19, Riverbed delivered an upside earnings surprise of nearly 14% for its fiscal third quarter.

"The business has been executing well and fourth quarter revenue growth was fueled by strong enterprise sales in both the U.S. and EMEA

Europe, Middle East and Africa," said Randy Gottfried, the company's chief financial officer, in a press release Thursday. "Despite higher disk drive costs resulting from recent Thai floods, we reported strong gross and operating margins in the fourth quarter. We believe our past investments in our core and new products will continue to yield solid revenue and profit growth in 2012."

Wall Street was bullish ahead of the report with 23 of the 36 analysts covering Riverbed at either strong buy (8) or buy (15) vs. 12 holds and one sell. The median 12-month price target is $30.50.

Check out TheStreet's quote page for Riverbed Technology for year-to-date share performance, analyst ratings, earnings estimates and much more.


Shares of


(SBUX) - Get Report

slid in the extended session after the coffee seller's

outlook for fiscal 2012 came in short of the consensus view


The Seattle-based coffee seller sees earnings of $1.78 to $1.82 a share for the full year, slightly below the current Wall Street consensus view for a profit of $1.83 a share. The company said it expects "unfavorable" commodity costs to impact results this year with the brunt of the impact coming in the first half of the year.

As a result, it sees earnings per share growth of 10% in the first half of 2012, and 25% in the second half.

Starbucks reported fiscal first-quarter earnings of $382.1 million, or 50 cents a share, on revenue of $3.44 billion. The average estimate of analysts polled by

Thomson Reuters

was for a profit of 49 cents a share in the December-ended period on revenue of $3.29 billion.

The stock was last quoted at $47.31, down 2%, on volume of more than 1 million, according





(RIG) - Get Report

was a big winner in the after-hours session as well after a federal judge ruled on Thursday that the company is shielded from paying out certain claims against it stemming from the massive oil spill in the Gulf of Mexico in April 2010 because of its contract with

BP plc

(BP) - Get Report


According to the

Associated Press

, the judge found that Transocean, the rig operator, shouldn't have to pay damage claims because it was indemnified by its contract with BP, the well owner. But the report added that U.S. District Judge Carl Barbier said Transocean is still not exempt from paying punitive and civil penalties related to the spill.

The stock was last quoted at $51.45, up 9.2%, on volume of more than 400,000, according to



Other stocks active in Thursday's late trades included

Juniper Networks

(JNPR) - Get Report

, which fell 8% to $20.56 on volume of more than 2 million after the company

gave a weak outlook for the first quarter




, which jumped 21% to $41.50 on volume of less than 200,000 after the company forecast non-GAAP earnings of 55 to 60 cents a share for fiscal 2012, well ahead of Wall Street's consensus view for a profit of 39 cents a share; and


(KLAC) - Get Report

, which advanced nearly 4% to $52.14 on volume of 200,000 after the company delivered an upside surprise of 9% with its fiscal second-quarter non-GAAP earnings of $122 million, or 72 cents a share.


Written by Michael Baron in New York.

>To contact the writer of this article, click here:

Michael Baron


Disclosure: TheStreet's editorial policy prohibits staff editors, reporters and analysts from holding positions in any individual stocks.