HubSpot Stock Falls As Earnings Beat, Revenue Outlook Edges By Estimates

HubSpot stock fell Wednesday after September-quarter earnings and revenue topped analyst estimates but revenue guidance edged by expectations. Heading into the HubSpot earnings report, the software stock was extended.

Cambridge, Mass.-based HubSpot said adjusted third-quarter earnings came in at 50 cents a share, up 78% from a year earlier. Revenue climbed 49% to $339.2 million, the maker of web marketing software said.

A year earlier, HubSpot earnings were 28 cents a share on sales of $228 million. Analysts expected HubSpot earnings of 43 cents a share on sales of $326.6 million for the period ended Sept. 30.

HubSpot stock fell 4.7% to near 740 during after-hours trading on the stock market today. HUBS stock has gained 98% in 2021.

HubSpot Stock: Revenue Outlook

Heading into the HubSpot earnings report, HubSpot stock was extended from an entry point of 574.93.

For the December quarter, the software maker forecast revenue of $357 million at the midpoint of its guidance range. Analysts projected sales of $352.6 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.

HUBS stock holds a Relative Strength Rating of 96 out of a best-possible 99, according to IBD Stock Check-up.

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