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Wednesday, November 04, 2009
NetSuite Posts Widened Loss For Third Quarter
By John Letzing
MarketWatch Pulse
SAN FRANCISCO - Netsuite Inc. said Wednesday its third-quarter loss widened to $8 million, or 13 cents a share, from $6.2 million, or 10 cents a share in the same period last year. The San Mateo, Calif.-based provider of business software said revenue in the period ended in September rose to $41.7 million from $40.4 million. Excluding special items, Netsuite said earnings for the quarter were 1 cent a share. Analysts polled by Thomson Reuters had estimated that excluding items, NetSuite would break even on a per-share basis for the quarter, and post $41.4 million in revenue.
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