Categories Earnings, Technology

HubSpot, Inc. (NYSE: HUBS): Q3 2019 Earnings Snapshot

— Cloud technology company HubSpot, Inc. (NYSE: HUBS) reported adjusted earnings of $0.32 per share for the third quarter of 2019, vs. $0.24 expected.

— On a reported basis, net loss was $15 million or $0.35 per share, compared to $18.7 million or $0.48 per share last year.

— Revenues climbed 32% annually to $173.6 million, vs. $168.8 million expected.

— Subscription revenue was $167.1 million, up 33% compared to the year-ago quarter.

— Professional services and other revenue moved up 3% annually to $6.5  million.

— The number of customers rose 31% to 68,803 in the third quarter; Total average subscription revenue per customer inched up 0.3% to $9,992.

— Expects fourth-quarter revenue in the range of $180.3 million to $181.3  million and adjusted earnings between $0.40 per share and $0.42 per share.

— Expects full-year 2019 revenue between $669 million and $670 million and adjusted earnings in the range of $1.44 per share to $1.46 per share.

— HUBS stock slid about 5% in the after-market trading session.

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