NetSuite Inc. (N) Thursday said first-quarter loss widened to $13.0 million or $0.18 per share from $7.7 million or $0.11 per share in the same period last year.
Adjusted earning for the quarter was $2.8 million or $0.04 per share. On average, 25 analysts polled by Thomson Reuters expected the company to earn $0.03 per share for the quarter. Analysts' estimates typically exclude special items.
Revenues totaled $91.6 million, up 32 percent from $69.32 million last year. Analysts expected revenues of $90.96 million.
Operating expenses increased to $75.15 million from $55.65 million last year.
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