CAMBRIDGE, Mass. (AP) — CAMBRIDGE, Mass. (AP) — HubSpot Inc. (HUBS) on Thursday reported a loss of $21.8 million in its first quarter.
On a per-share basis, the Cambridge, Massachusetts-based company said it had a loss of 42 cents. Earnings, adjusted for stock option expense and pretax expenses, were $1.78 per share.
The results beat Wall Street expectations. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of $1.74 per share.
The cloud-based marketing and sales software platform posted revenue of $714.1 million in the period, also topping Street forecasts. Eleven analysts surveyed by Zacks expected $699.2 million.
HubSpot expects full-year earnings in the range of $2.10 to $2.12 per share, with revenue in the range of $738 million to $740 million.
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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
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