dried up Tuesday evening after the wide-area networking player swung to a third-quarter profit.
For the quarter ended Sept. 30, Riverbed made $2.8 million, or 4 cents a share, reversing the year-ago loss of $3.1 million, or 16 cents a share. Revenue rose to $63 million from $25 million a year earlier.
Excluding certain items, earnings were 17 cents a share in the latest quarter, matching the Thomson Financial analyst consensus estimate.
"Strong broad-based demand led to another record quarter with year-over-year revenue growth of 157%," said CEO Jerry Kennelly. "Our leadership position in the WDS market is clearly evident in our rapid revenue growth and our high rate of new customer acquisition."
Shares fell $9.46 late Tuesday to $38.50.