HubSpot (HUBS) Tops Q1 EPS by 7c; Guides Q2, FY16

HubSpot (NYSE: HUBS) reported Q1 EPS of ($0.11), $0.07 better than the analyst estimate of ($0.18). Revenue for the quarter came in at $59 million versus the consensus estimate of $55.31 million.

Business Outlook

Based on information available as of May 4, 2016, HubSpot is issuing guidance for the second quarter of 2016 and raising guidance for full year 2016 as indicated below.

Second Quarter 2016:

• Total revenue is expected to be in the range of $61.0 million to $62.0 million.
• Non-GAAP operating loss is expected to in the range of ($5.8) million to ($4.8) million. This excludes stock-based compensation expense of approximately $8.3 million and amortization of acquired intangible assets of approximately $20 thousand.
• Non-GAAP net loss per common share is expected to be in the range of ($0.17) to ($0.14). This excludes stock-based compensation expense of approximately $8.3 million and amortization of acquired intangible assets of approximately $20 thousand. This assumes approximately 35.0 million weighted common shares outstanding.

Full Year 2016:

• Total revenue is expected to be in the range of $256.5 million to $259.5 million.
• Non-GAAP operating loss is expected to in be in the range of ($24.0) million to ($21.0) million. This excludes stock-based compensation expense of approximately $32.4 million and amortization of acquired intangible assets of approximately $84 thousand.
• Non-GAAP net loss per common share is expected to be in the range of ($0.68) to ($0.59). This excludes stock-based compensation expense of approximately $32.4 million and amortization of acquired intangible assets of approximately $84 thousand. This assumes approximately 35.2 million weighted common shares outstanding.

For earnings history and earnings-related data on HubSpot (HUBS) click here.

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