Shares of Hubspot Inc. were up more than 10% in after-hours trading Wednesday after the marketing-software company exceeded expectations with its latest results and issued an upbeat profit forecast. The company posted a net loss of $31.4 million, or 65 cents a share, compared with $13.7 million, or 29 cents a share, in the year-prior period. Adjusted earnings per share rose to 69 cents from 50 cents while analysts were modeling 51 cents. Hubspot’s revenue increased to $444 million from $339 million, whereas the FactSet consensus was for $426 million. For the fourth quarter, Hubspot executives anticipate $444 million to $446 million in revenue as well as 82 cents to 84 cents in adjusted earnings per share. The FactSet consensus was for revenue of $450 million and adjusted EPS of 79 cents. “Our platform is driving value for customers and continues to be mission-critical as they look to connect with their customers and increase efficiencies during this period of uncertainty,” Chief Executive Yamini Rangan said in a release.
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