HubSpot Inc Posts Q3 And Outlook In Line With Street Views

HubSpot Inc. HUBS gained slightly in Wednesday's extended session after posting third-quarter results and an outlook in line with Wall Street's expectations. The Cambridge, Mass.-based Internet marketing software company shares are up 17 percent since raising $133.7 million in an October initial public offering. In the nine months ended Sept. 30, 2014, cash burn fell to $10.7 million, from $13.9 million in the same period a year earlier. Hubspot forecast a fourth-quarter adjusted loss of between $0.28 and $0.25 cents a share, on revenue of $112.7 million and $113.7 million. Analysts expect a loss of $0.27 cents a share, on revenue of $29.2 million. For the recent period, HubSpot's loss narrowed to $10.8 million, or $1.84 a share from $9.5 million, or $1.85 a share in the year-earlier period. The adjusted loss was $1.62 a share. Revenue grew 51 percent to $30.4 million from $20.2 million last year. Analysts expected an adjusted loss of $1.96 a share, on revenue of $27.7 million. HubSpot changed hands recently at $36 a share, up 1.7 percent.