HubSpot Shares Jump 7.7% After-Hours as Q2 Earnings, FY Outlook Beat Estimates

The company said adjusted earnings rose to $1.94 a share in the quarter ended June 30, from $1.22 a year earlier. Analysts on average expected adjusted earnings of $1.64, according to estimates compiled by Capital IQ. Revenue rose 20% to $637.3 million, surpassing estimates that called for $619.3 million, according to a press release posted after the market closed Wednesday.

For the full year, the company expects adjusted earnings to reach $7.64 to $7.70 a share, better than the $7.37 expected by analysts. Revenue is seen in the range of $2.567 billion to $2.573 billion, higher than the $2.56 billion expected.

The company said it posted a 23% growth in customers to 228,054 at the end of June from a year earlier. That muted the impact from a 2% decline in average subscription revenue per customer to $11,215 during the second quarter.

"I am thrilled to see customers consolidating on HubSpot and the momentum we have in becoming the customer platform of choice for scaling companies," Chief Executive Officer Yamini Rangan said in a press release.