CAMBRIDGE, Mass. (AP) — CAMBRIDGE, Mass. (AP) — HubSpot Inc. (HUBS) on Wednesday reported first-quarter earnings of $5.9 million.
The Cambridge, Massachusetts-based company said it had profit of 12 cents per share. Earnings, adjusted for one-time gains and costs, came to $1.68 per share.
The results surpassed Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $1.49 per share.
The cloud-based marketing and sales software platform posted revenue of $617.4 million in the period, which also topped Street forecasts. Eleven analysts surveyed by Zacks expected $597.1 million.
For the current quarter ending in June, HubSpot expects its per-share earnings to range from $1.62 to $1.64.
The company said it expects revenue in the range of $617 million to $619 million for the fiscal second quarter.
HubSpot expects full-year earnings in the range of $7.30 to $7.38 per share, with revenue ranging from $2.55 billion to $2.56 billion.
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, source Associated Press News