Stock Track | CrowdStrike Plunges 5.23% in After-Hours Trading as Earnings Outlook Disappoints

Stock Track06:38

CrowdStrike Holdings, Inc. (CRWD) shares fell sharply in after-hours trading on Tuesday, dropping 5.23% following the cybersecurity firm's third-quarter earnings report.

The company reported better-than-expected earnings and revenue for the quarter ended October 31. However, CrowdStrike's earnings guidance for the current quarter fell short of analysts' expectations, sparking the sell-off.

CrowdStrike projected adjusted earnings of 84 cents to 86 cents per share for the fourth quarter, lower than the consensus estimate of 87 cents per share. This earnings outlook overshadowed the company's solid third-quarter performance, with revenue growing 28.5% year-over-year to $1.01 billion, beating Wall Street's expectations.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment