CrowdStrike Shares Slip Despite Earnings Beat, Strong Outlook: The Details
Portfolio Pulse from Adam Eckert
CrowdStrike Holdings Inc (NASDAQ:CRWD) reported better-than-expected Q1 earnings and strong outlook, but shares slipped in after-hours trading. Q1 revenue was $692.58 million, beating estimates of $677.37 million, and Q1 EPS was 57 cents, beating estimates of 51 cents. The company expects Q2 revenue between $717.2 million and $727.4 million and full-year 2024 revenue between $3 billion and $3.037 billion.
May 31, 2023 | 9:08 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
CrowdStrike's Q1 earnings beat estimates and the company issued a strong outlook, but shares slipped in after-hours trading.
Despite beating Q1 earnings estimates and issuing a strong outlook, CrowdStrike's shares slipped in after-hours trading. This negative reaction may be due to elevated expectations from the recent surge in shares, which are up more than 35% over the last month.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100