HubSpot Surpasses Q4 Revenue Estimates
Customer relationship management software provider (NYSE:HUBS) reported fourth-quarter earnings on Wednesday, Feb. 12 that topped analysts' consensus expectations. Adjusted EPS (diluted) came in at $2.32, outperforming the expected $2.19. Revenue of $703.2 million surpassed estimates of $673 million as well as management's guidance of $672 to $674 million. Revenue for the quarter rose 21% year over year, reflecting successful strategic shifts and solid execution.
While a slight decline in average revenue per customer emerged, the overall quarterly results illustrate a strong performance.
Source: HubSpot. Note: Analyst consensus estimates for the quarter provided by FactSet. YOY = Year over year. pps = Percentage points.
Source Fool.com
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