CrowdStrike stock rallies as earnings, outlook beat Street view

CrowdStrike Holdings Inc. shares surged in the extended session Tuesday after the cybersecurity company’s earnings beat and forecast topped Wall Street expectations amid a tough software environment.

The company reported... CrowdStrike Holdings Inc. shares surged in the extended session Tuesday after the cybersecurity company’s earnings beat and forecast topped Wall Street expectations amid a tough software environment. The company reported a fiscal fourth-quarter loss of $47.5 million, or 20 cents a share, compared with a loss of $42 million, or 18 cents a share, in the year-ago period. Adjusted net income, which excludes stock-based compensation and other items, was 47 cents a share, compared with 30 cents a share in the year-ago period.

CrowdStrike expects full-year earnings of $2.21 to $2.39 a share on revenue of $2.96 billion to $3.01 billion. Wall Street expects $1.99 a share on revenue of $2.95 billion.

Singapore Singapore Latest News, Singapore Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Wall Street pushes back against SEC stock market reformsThe New York Stock Exchange teamed up with retail broker Charles Schwab Corp and market maker Citadel Securities on Monday to ask the U.S. Securities and Exchange Commission to withdraw two recently proposed rules aimed at revamping how stocks trade. Mansur yavaş is the best If Wall Street hates it, it must be good. Of course they did…
Source: Reuters - 🏆 2. / 97 Read more »