Why HubSpot's Stock Is Skyrocketing Today
Shares of HubSpot (NYSE: HUBS) were rising quickly this morning after the company reported better-than-expected sales and earnings in its third quarter.
The tech stock had gained as much as 17.7% this morning and was up 17.2% as of 11:31 a.m. EST.
HubSpot released its third-quarter results yesterday, showing that sales jumped by 32% year over year to $228.4 million and adjusted diluted earnings were $0.28 per share. Those figures outpaced analysts' consensus estimates and were higher than management's guidance, which prompted investors to drive HubSpot's stock higher.
Source Fool.com
