CrowdStrike Stock Tumbles. Why Earnings Left Wall Street Wanting More.
CrowdStrike Stock Tumbles. Why Earnings Left Wall Street Wanting More. · Barrons.com

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CrowdStrike was looking to show continued financial strength after a bug in a software update from the information security firm disabled 8.5 million Windows PCs last July. CrowdStrike’s adjusted earnings-per-share came in at 73 cents versus Wall Street’s consensus estimate of 66 cents, according to FactSet, and down from 93 cents last year. Likewise, CrowdStrike’s revenue guidance for the second quarter was $1.15 billion at the midpoint of its range, below analyst expectations of $1.16 billion.