It's not easy to satisfy Wall St. some times, as on-demand vendor NetSuite has found. Despite meeting projections, the company still got clobbered after reporting fourth-quarter earnings. Why? eCRM Guide gets to the bottom of things.

Shares of on-demand software provider NetSuite plunged more than 15 percent Friday as investors sold off the stock even though it posted fourth-quarter sales and earnings that were in line with analysts' consensus estimates.

NetSuite (NYSE: N) shares fell below $12 a share in early Friday trading before regaining some ground to trade off $1.85 a share, or 13 percent, to $12.66.

In its fourth quarter, the San Mateo, Calif.-based Software-as-a-Service (SaaS) provider posted a profit of $0.02 a share, excluding one-time items, on sales of $43 million -- exactly the results analysts surveyed by Thomson Reuters had predicted.

But including one-time items and charges, NetSuite posted a net loss of $6.5 million, or $0.10 a share, significantly wider than the $4.5 million, or $0.07 a share, it lost in the year-ago quarter.

As of early Friday afternoon, none of the 17 analysts tracking NetSuite had downgraded the stock in the wake of the fourth-quarter report.

Read the full story at eCRM Guide:
Investors Punish NetSuite Despite Decent 4Q