CrowdStrike stock bounces back after earnings typo is corrected

CrowdStrike Holdings Inc. topped Wall Street estimates with quarterly results Thursday, and the cybersecurity company’s stock turned around after a typo in its outlook was corrected.

“It was a typo related to the wire service,” George Kurtz, CrowdStrike co-founder and chief executive, told MarketWatch in an interview Thursday afternoon. “The release was reissued.” CrowdStrike noted its cash generated from operations surged to $38.6 million from $3.6 million in the year-ago period, as free-cash flow improved to $7 million from a deficit of $13.1 million in the year-ago period, as more subscribers adopt multiple cloud modules from the company, improving margins.

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