HubSpot stock popped after the marketing software maker on Wednesday reported second-quarter earnings and revenue that handily beat analyst estimates while its guidance met expectations.
Cambridge, Mass.-based HubSpot reported June-quarter earnings after the market close.
On an adjusted basis, HubSpot earnings came in at $1.94 share, up 40% from a year earlier. Revenue climbed 20% to $637.2 million, the maker of web marketing software said.
A year earlier, HubSpot's earnings were $1.34 a share on sales of $529.1 million. Analysts expected HubSpot earnings of $1.64 on sales of $619.3 million.
On the stock market today, HubSpot stock popped more than 7% to 495.99 in extended trading.
Heading into the HubSpot earnings report, shares were down nearly 20% in 2024. Google-parent Alphabet reportedly walked away from acquisition talks recently.
For the current quarter ending in September, HubSpot forecast earnings per share of $1.90 at the midpoint of guidance and revenue of $646.5 million. Analysts had predicted adjusted EPS of $1.89 on revenue of $646.5 million.
HubSpot's marketing focuses on digital channels such as blogs, internet search engines and social media. The company aims to attract people to customer websites and optimize content so that visitors are converted into paying customers.
According to IBD Stock Checkup, HubSpot stock owned a Relative Strength Rating of 18 out of a best-possible 99 heading into the earnings report.
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