After-Hours Earnings Roundup: Riverbed Technology, Inc. (NASDAQ:RVBD), Trulia Inc (NYSE:TRLA)



Riverbed Technology, Inc. (NASDAQ:RVBD), which focuses on application performance infrastructure, is steady late Tuesday after its Q1 profit beat expectations by a penny, while revenue meets.

The company reported non-GAAP net income of $40 million, or $0.24 per share, up from $39 million, or $0.23 per share, a year earlier and a penny better than the consensus estimate in the Capital IQ survey for $0.23. Non-GAAP revenue was $266 million, an increase of 5% compared to Q1’13, in line with Street expectations. GAAP revenue was $265 million.

Analysts have a consensus price target of $17 on Riverbed Technology, Inc. (NASDAQ:RVBD) which indicates a 36% downside. The consensus rating of the stock is a HOLD with a score of 2.22. There are currently 16 Hold ratings, 1 Sell rating and 6 Buy ratings on the stock.

A recent analyst action consisted of SunTrust initiating coverage on the stock with a $21 price target and Neutral rating on April 10th.

Trulia Inc (NYSE:TRLA) was narrowly higher in late Tuesday trading after the online real estate marketplace reported a big spike in Q1 revenue over the same quarter last year although its adjusted earnings for the period trailed Wall Street estimates by $0.02 per share.

The company tonight posted a net attributable to shareholders of $15.2 million, or $0.41 per share, during the three months ended March 31, compared with a $2.0 million net loss during the same quarter last year. Excluding one-time items, the net loss was $5.3 million, or $0.14 per share, trailing analyst projections looking for a $0.12 per share loss.

Total revenue surged 127% year over year to $54.5 million, beating expectations by $1.04 million. Marketplace revenue grew 155% over year-ago levels to $45.8 million. Looking forward, TRLA is forecasting Q2 revenue in a range of $61.5 million to $62.5 million, also topping the Capital IQ consensus by around $460,000. TRLA shares were up 0.2% in tonight’s after-market at $32.93 each, adding 2 cents. The stock earlier jumped over 8% during today regular session, rising $2.45 to $32.91 a share.

Analysts have a consensus price target of $41 on Trulia Inc (NYSE:TRLA) which indicates a 26% upside. The consensus rating of the stock is a Hold with a score of 2.33. There are currently 5 Buy ratings on the stock, 1 Sell rating and 6 hold ratings. Another recent analyst action consisted Zacks upgrading the stock to Neutral from Underperform with a price target of $31.80.

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