NEW YORK (TheStreet) -- NetSuite
(N - Get Report) reported a 30% year-over-year increase in second quarter revenue to $131.8 million, in-line with analyst expectations.
The company reported earnings of 6 cents per diluted share, 3 cents better than analysts were expecting.
NetSuite shares are up 3.2% to $87.50 in after-hours trading on Thursday.
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TheStreet Ratings team rates NETSUITE INC as a Sell with a ratings score of D+. TheStreet Ratings Team has this to say about their recommendation:"We rate NETSUITE INC (N) a SELL. This is driven by a few notable weaknesses, which we believe should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks we cover. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, disappointing return on equity, generally high debt management risk, generally disappointing historical performance in the stock itself and feeble growth in its earnings per share."
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