Why HubSpot Stock Jumped on Friday

Shares of HubSpot (NYSE: HUBS) were sharply higher on Friday, surging as much as 11.5% even as the major market indexes slumped. As of 1:52 p.m. ET, the stock was still up 3.7%.

The catalyst that sent the cloud-based customer relationship management (CRM) specialist higher was its quarterly earnings report, which was far better than expected.

For the fourth quarter, HubSpot generated revenue of $369.3 million, which climbed 47% year over year. This resulted in adjusted earnings per share (EPS) of $0.63, an increase of 43%. 

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Source Fool.com