NetSuite Q2 Adj. Profit Tops View

(RTTNews) - NetSuite Inc. (N) Thursday said second-quarter net loss widened to $20.4 million or $0.28 per share from $9.9 million or $0.14 per share in the same period last year.

Adjusted earning for the quarter was $4.0 million or $0.05 per share, down from $4.8 million or $0.06 per share in the comparable quarter last year. On average, 25 analysts polled by Thomson Reuters expected the company to earn $0.02 per share for the quarter. Analysts' estimates typically exclude special items.

Total revenue for the latest second quarter was $101.01 million, up 35 percent from $74.71 million last year, while 23 analysts expected revenues of $100.60 million.