HubSpot: 4Q Earnings Snapshot
CAMBRIDGE, Mass. (AP) _ HubSpot Inc. (HUBS) on Wednesday reported a loss of $10.3 million in its fourth quarter.
On a per-share basis, the Cambridge, Massachusetts-based company said it had a loss of 24 cents. Earnings, adjusted for stock option expense and non-recurring costs, came to 45 cents per share.
The results beat Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of 42 cents per share.
The cloud-based marketing and sales software platform posted revenue of $186.2 million in the period, which also topped Street forecasts. Eight analysts surveyed by Zacks expected $181 million.
For the year, the company reported that its loss narrowed to $53.7 million, or $1.28 per share. Revenue was reported as $674.9 million.
For the current quarter ending in April, HubSpot expects its per-share earnings to range from 22 cents to 24 cents.
The company said it expects revenue in the range of $192.5 million to $193.5 million for the fiscal first quarter.
HubSpot expects full-year earnings in the range of $1.24 to $1.32 per share, with revenue ranging from $840.5 million to $844.5 million.
HubSpot shares have risen 16% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $184.17, a climb of 7% in the last 12 months.