CAMBRIDGE, Mass. (AP) _ HubSpot Inc. (HUBS) on Wednesday reported a loss of $17.7 million in its first quarter.
On a per-share basis, the Cambridge, Massachusetts-based company said it had a loss of 41 cents. Earnings, adjusted for one-time gains and costs, were 35 cents per share.
The results beat Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of 23 cents per share.
The cloud-based marketing and sales software platform posted revenue of $199 million in the period, also beating Street forecasts. Eight analysts surveyed by Zacks expected $190.5 million.
For the current quarter ending in July, HubSpot expects its per-share earnings to range from 23 cents to 25 cents.
The company said it expects revenue in the range of $195 million to $196 million for the fiscal second quarter.
HubSpot expects full-year earnings in the range of 88 cents to 92 cents per share, with revenue ranging from $800 million to $810 million.
HubSpot shares have increased 11% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $175.21, a fall of almost 6% in the last 12 months.