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Why HubSpot's Stock Is Skyrocketing Today

TheMotleyFool 
0 0 06.11.20
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. 

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Source Fool.com

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