Why HubSpot Inc. Stock Popped Today

Shares of HubSpot Inc. (NYSE: HUBS) were up 10.6% as of 12:26 p.m. EDT Wednesday after the marketing and sales software specialist raised its financial guidance on the heels of its analyst day on Tuesday.

Specifically, for its third quarter, which ends Sept. 30, HubSpot now expects revenue in the range of $95.9 million to $96.9 million (up from a guidance range of $92.8 million to $93.8 million previously), which should translate to an adjusted net loss per share of between $0.04 and $0.02 (compared to guidance for a per-share loss of $0.10 to $0.08 previously).

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Source: Fool.com