CAMBRIDGE, Mass. (AP) — CAMBRIDGE, Mass. (AP) — HubSpot Inc. (HUBS) on Wednesday reported fourth-quarter net income of $54.4 million.
The Cambridge, Massachusetts-based company said it had profit of $1.04 per share. Earnings, adjusted for one-time gains and costs, were $3.09 per share.
The results topped Wall Street expectations. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of $2.99 per share.
The cloud-based marketing and sales software platform posted revenue of $846.7 million in the period, which also topped Street forecasts. Ten analysts surveyed by Zacks expected $829.9 million.
For the year, the company reported profit of $45.9 million, or 86 cents per share. Revenue was reported as $3.13 billion.
For the current quarter ending in March, HubSpot expects its per-share earnings to range from $2.46 to $2.48.
The company said it expects revenue in the range of $862 million to $863 million for the fiscal first quarter.
HubSpot expects full-year earnings in the range of $12.38 to $12.46 per share, with revenue ranging from $3.69 billion to $3.7 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on HUBS at https://www.zacks.com/ap/HUBS