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HubSpot Q1 Adjusted Earnings, Revenue Rise; Shares Fall After Hours

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-- HubSpot (HUBS) reported Q1 adjusted earnings late Thursday of $2.72 per diluted share, up from $1.78 a year earlier.

Analysts polled by FactSet expected $2.47.

Revenue in the three months ended March 31 rose to $881 million from $714.1 million a year earlier.

Analysts surveyed by FactSet expected $863.3 million.

HubSpot expects Q2 non-GAAP net income of $3 to $3.02 a share on revenue of $897 million to $898 million.

Analysts polled by FactSet expect EPS of $2.86 on revenue of $899.5 million.

The company boosted guidance for full-year non-GAAP net income to $13.04 to $13.12 a share on revenue of $3.70 billion to $3.708 billion. The prior outlook was EPS of $12.38 to $12.46 on revenue of $3.69 billion to $3.70 billion

Analysts polled by FactSet expect EPS of $12.45 on revenue of $3.7 billion.

HubSpot shares fell 11% in after-hours trading.

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