HubSpot Q1 2024 Adj EPS $1.68 Beats $1.50 Estimate, Sales $617.400M Beat $597.580M Estimate
Portfolio Pulse from Benzinga Newsdesk
HubSpot reported Q1 2024 earnings of $1.68 per share, surpassing the $1.50 estimate, with sales of $617.4M exceeding the $597.58M forecast. This represents a 23.08% increase in sales compared to the same period last year.

May 08, 2024 | 8:06 pm
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POSITIVE IMPACT
HubSpot's Q1 2024 earnings and sales exceeded analyst expectations, with a significant year-over-year sales growth.
Beating both EPS and sales estimates typically leads to positive investor sentiment and can drive the stock price up in the short term. The substantial year-over-year sales growth further underscores the company's strong performance and potential for future growth.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100