Stock Track | HubSpot Soars on Stellar Q3 Results, AI/ML Adoption Fuels Growth Optimism

Stock Track11-08

Shares of HubSpot Inc. (NYSE: HUBS) surged by 10.70% on November 7, 2024, fueled by the company's impressive third-quarter financial performance and raised full-year guidance, which sparked optimism among investors and analysts regarding the continued growth potential of its cloud-based marketing, sales, and customer service platform.

For the quarter ended September 30, 2024, HubSpot reported revenue of $669.7 million, a 20% increase from the prior year, surpassing the consensus estimate of $646.91 million. Adjusted earnings per share came in at $2.18, comfortably beating analysts' expectations of $1.91. The strong results were driven by robust demand for HubSpot's platform, as the company added over 10,000 net new customers during the quarter, bringing its total customer base to 238,128, up 23% year-over-year.

Encouraged by the solid third-quarter results, HubSpot raised its full-year 2024 revenue guidance to a range of $2.597 billion to $2.599 billion, compared to the previous consensus estimate of around $2.57 billion. The company also expects to post adjusted full-year earnings per share between $7.98 and $8.00.

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(NYSE: HUBS) surged by 10.70% on November 7, 2024, fueled by the company's impressive third-quarter financial performance and raised full-year guidance, which sparked optimism ...</p>\n\n<a href=\"\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"HUBS","symbol_name":"HubSpot","start_time":0,"source_url":"","article_id":"1147986876","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1147986876","pubTimestamp":1731035509,"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Shares of HubSpot Inc.  surged by 10.70% on November 7, 2024, fueled by the company's impressive third-quarter financial performance and raised full-year guidance, which sparked optimism among investors and analysts regarding the continued growth potential of its cloud-based marketing, sales, and customer service platform.For the quarter ended September 30, 2024, HubSpot reported revenue of $669.7 million, a 20% increase from the prior year, surpassing the consensus estimate of $646.91 million. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"HUBS":"HubSpot"},"translate_title":"股票赛道HubSpot因第三季度业绩出色而飙升，AI/ML的采用激发了增长乐观情绪","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"HUBS":1},"content_text":"Shares of HubSpot Inc. (NYSE: HUBS) surged by 10.70% on November 7, 2024, fueled by the company's impressive third-quarter financial performance and raised full-year guidance, which sparked optimism among investors and analysts regarding the continued growth potential of its cloud-based marketing, sales, and customer service platform.\nFor the quarter ended September 30, 2024, HubSpot reported revenue of $669.7 million, a 20% increase from the prior year, surpassing the consensus estimate of $646.91 million. Adjusted earnings per share came in at $2.18, comfortably beating analysts' expectations of $1.91. 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