Why HubSpot Shares are Trading Lower Wednesday After Q2 Results

HubSpot Inc (NYSE: HUBS ) stock is trading lower after second-quarter financial results were reported Wednesday after market close. • HubSpot stock is feeling bearish pressure. What’s pressuring HUBS stock? Here are the key highlights. HubSpot Q2 Earnings HubSpot reported second-quarter revenue of $911.7 million, up 20% year-over-year. The revenue total beat a Street consensus estimate of $898.3 million, according to data Pro. The company reported subscription revenue of $894 million for the quarter, up 20% year-over-year. Professional services and other revenue was $17.7 million in the quarter, up 8% year-over-year. HubSpot reported adjusted earnings per share of $3.26, beating a Street consensus estimate of $3.02. The company grew customers to 306,446 in the quarter, up 14% year-over-year. The average subscription revenue per customer was $11,800 in the quarter, up 4% on an as...