NetSuite Earnings Up 192 Percent in Q2

Shares of cloud business software provider NetSuite are surging as the company just reported second-quarter results that beat expectations. Non-GAAP earnings were six cents a share, beating the consensus of four cents, while revenues at $74.7 million were ahead of the consensus of $73.4 million. Net earnings were $4.8 million, up 192 percent. NetSuite shares rose by $3.26, or more than 6 percent, to $52.68 a share in after-hours trading.