- HubSpot, Inc (NYSE:HUBS) shares are trading higher Thursday on upbeat A1 quarterly results and guidance reported Wednesday after-hours.
- HubSpot reported first-quarter revenue growth of 27% year-on-year to $501.6 million, beating the consensus of $474.8 million. Adjusted EPS of $1.20 beat the consensus of $0.83.
- Subscription revenue was $489.7 million, up 27% Y/Y.
- HubSpot grew customers to 177,298 on March 31, 2023, up 23% Y/Y.
- The average subscription revenue per customer was $11,365, up by 3% Y/Y.
- HubSpot expects Q2 revenue of $503.0 million – $505.0 million and adjusted EPS of $0.98 – $1.00.
- HubSpot raised FY23 revenue outlook to $2.080 billion – $2.088 billion, up from $2.050 billion – $2.060 billion prior (consensus $2.06 billion), and adjusted EPS to $4.80 – $4.85, up from $4.24 – $4.32 prior (consensus $4.27).
- Analysts re-rated the stock and raised their price targets following the upbeat results and guidance.
- Price Action: HUBS shares traded higher by 7.12% at $447.74 on the last check Thursday.
What’s Going On With NIO Stock?
NIO Inc - ADR (NYSE: NIO) shares are trading higher by 28.3% to $14.04 over the trailing five sessions.
