HubSpot (HUBS) recently announced its first-quarter earnings and revenue, with both figures surpassing analyst expectations. The company’s outlook for HubSpot stock, however, was mixed, with profits exceeding expectations but revenue falling short.
Based in Cambridge, Massachusetts, HubSpot released its earnings report for the March quarter after the market closed on Wednesday. On an adjusted basis, HubSpot reported earnings of $1.68 per share, marking a 40% increase from the previous year. Additionally, the company saw a 23% increase in revenue, reaching $617.4 million.
In comparison to a year earlier, HubSpot had earnings of $1.20 per share on sales of $502 million. Analysts projected earnings of $1.50 per share on sales of $598 million. Following the earnings report, HubSpot stock declined more than 2% to $576.01 in after-hours trading.
Heading into the earnings announcement, HubSpot stock had risen 6% in 2024 and had increased by 38% over the past year. For the current quarter ending in June, HubSpot provided guidance of earnings per share of $1.63 at the midpoint and revenue of $618 million. Analysts estimated adjusted earnings per share of $1
