HubSpot Reports Strong Q4 Earnings, Beating Analyst Estimates
HubSpot Inc. (HUBS) announced its fourth-quarter financial results on Wednesday, showing a net income of $4.9 million, translating to earnings per share (EPS) of 9 cents.
Adjusted for non-recurring items, HubSpot reported EPS of $2.32, surpassing analysts' expectations of $2.19. The Cambridge, Massachusetts-based company also exceeded revenue forecasts, posting $703.2 million in the quarter. Analysts had estimated $673.7 million.
HubSpot's guidance for the first quarter of its fiscal year ending in March anticipates EPS between $1.74 and $1.76 and revenue ranging from $697 million to $699 million. For the full year, the company projects EPS in the range of $9.11 to $9.19 and revenue between $2.99 billion and $3 billion.