Stock Track | CrowdStrike Stock Plunges 5.71% on Disappointing Q4 Earnings Outlook Despite Q3 Beat

Stock Track09:03

CrowdStrike Holdings, Inc. (CRWD) stock plunged 5.71% in intraday trading on Tuesday, November 26, 2024, following the cybersecurity company's third-quarter earnings report that exceeded expectations but provided a disappointing earnings outlook for the current quarter.

The Austin-based firm reported adjusted earnings of 93 cents per share for the quarter ended October 31, surpassing analysts' estimates of 81 cents. Revenue grew 28.5% year-over-year to $1.01 billion, beating Wall Street's expectations of $982.36 million.

However, CrowdStrike's earnings guidance for the fiscal fourth quarter fell short of analysts' projections, overshadowing the company's solid third-quarter performance. The company projected adjusted earnings of 84 cents to 86 cents per share for the current quarter, lower than the consensus estimate of 87 cents per share, sparking the sell-off in the stock.

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(CRWD) stock plunged 5.71% in intraday trading on Tuesday, November 26, 2024, following the cybersecurity company's third-quarter earnings report that exceeded expectations ...</p>\n\n<a href=\"\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"CRWD","symbol_name":"CrowdStrike Holdings, Inc.","start_time":0,"source_url":"","article_id":"1107316939","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1107316939","pubTimestamp":1732669388,"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"CrowdStrike Holdings, Inc.  stock plunged 5.71% in intraday trading on Tuesday, November 26, 2024, following the cybersecurity company's third-quarter earnings report that exceeded expectations but provided a disappointing earnings outlook for the current quarter.The Austin-based firm reported adjusted earnings of 93 cents per share for the quarter ended October 31, surpassing analysts' estimates of 81 cents. 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