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Why Shares of HubSpot Surged Today

TheMotleyFool

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Why Shares of HubSpot Surged TodayPhoto, wide shot, wide-angle lens, Telecom equipment supplier, Blue hour, twilight, cool, ISO1200, slow shutter speed, photo by Michael Light: https://img.theapi.app/temp/ad10ed87-71d0-4096-a50b-ba9470f8264b.png

Shares of HubSpot (NYSE: HUBS) rose on Wednesday after the inbound marketing software provider reported its second-quarter results. HubSpot beat analyst estimates for both revenue and earnings, and it raised its full-year guidance. The stock was up about 9.6% at 11:55 a.m. EDT.

HubSpot reported second-quarter revenue of $163.3 million, up 33% year over year and about $6 million higher than the average analyst estimate. Subscription revenue accounted for most of the company's revenue, growing by 34% year over year to $155.9 million. Revenue from professional services was $7.4 million, up 23%.

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