HubSpot: 4Q Earnings Snapshot

·1 min read

CAMBRIDGE, Mass. (AP) _ HubSpot Inc. (HUBS) on Thursday reported a loss of $15.4 million in its fourth quarter.

On a per-share basis, the Cambridge, Massachusetts-based company said it had a loss of 34 cents. Earnings, adjusted for one-time gains and costs, came to 40 cents per share.

The results exceeded Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of 23 cents per share.

The cloud-based marketing and sales software platform posted revenue of $252.1 million in the period, also exceeding Street forecasts. Nine analysts surveyed by Zacks expected $236.4 million.

For the year, the company reported that its loss widened to $85 million, or $1.90 per share. Revenue was reported as $883 million.

For the current quarter ending in April, HubSpot expects its per-share earnings to range from 28 cents to 30 cents.

The company said it expects revenue in the range of $260 million to $265 million for the fiscal first quarter.

HubSpot expects full-year earnings in the range of $1.51 to $1.59 per share, with revenue ranging from $1.16 billion to $1.17 billion.

HubSpot shares have risen roughly 9% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $431.76, more than doubling in the last 12 months.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on HUBS at https://www.zacks.com/ap/HUBS