NetSuite Q3 Loss Widens

(RTTNews) - NetSuite Inc. (N), Thursday reported third-quarter net loss of $29.3 million or $0.38 per share, wider than last year's loss of $16.8 million or $0.23 per share.

Adjusted net income for the third quarter rose to $8.3 million or $0.11 per share from $6.9 million or $0.09 per share last year.

Total revenues for the third quarter rose 34 percent to $143.7 million from $131.8 million last year.

Analysts polled by Thomson Reuters expected earnings of $0.04 per share on revenues of $141.6 million for the quarter. Analysts' estimates typically exclude special items.