Crowdstrike Sees Q4 Adj. EPS $0.81-$0.82 vs $0.78 Est., Total Revenue $836.6M-$840.0M vs $836.71M Est.
Portfolio Pulse from Benzinga Newsdesk
Crowdstrike reported its Q4 adjusted earnings per share (EPS) to be between $0.81 and $0.82, surpassing the estimated $0.78. The company's total revenue is projected to be between $836.6M and $840.0M, which is in line with the estimated $836.71M.
November 28, 2023 | 9:11 pm
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POSITIVE IMPACT
Crowdstrike's Q4 adjusted EPS is expected to be higher than analyst estimates, with revenues matching expectations.
Beating EPS estimates typically leads to a positive market reaction as it indicates better-than-expected profitability. Revenue being in line with estimates suggests stable growth, reinforcing the positive outlook. However, since the revenue is only meeting expectations, the impact may be slightly tempered.
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