Hubspot (HUBS) Q4 Earnings & Revenues Beat Estimates
Zacks Investment Research | Feb 13, 2019 08:50PM ET
HubSpot, Inc. (NYSE:HUBS) delivered fourth-quarter 2018 non-GAAP earnings of 37 cents per share which soared 208.3% from the year-ago quarter. The figure also beat the Zacks Consensus Estimate by 7 cents.
Revenues of $144 million surged 35.2% (37% on a constant currency basis) year over year in fourth-quarter 2018. The figure comfortably surpassed the Zacks Consensus Estimate of $138 million and management’s guided range of $136.5-$137.5 million.
Year-over-year growth in revenues can primarily be attributed to growing customer base, which increased 36% to 56,628. Moreover, higher Subscription and Professional services revenues positively impacted the reported quarter’s revenues.
Notably, shares of HubSpot have returned 66.6% in the past year, outperforming the Original post
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