HubSpot: Q1 Earnings Snapshot
By Ap News
Published - May 08, 2024, 04:27 PM ET
Last Updated - May 08, 2024, 04:27 PM EDT
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.
