CrowdStrike: Fiscal 2Q Earnings Snapshot

SUNNYVALE, Calif. (AP) _ CrowdStrike Holdings Inc. (CRWD) on Wednesday reported a loss of $29.9 million in its fiscal second quarter.

On a per-share basis, the Sunnyvale, California-based company said it had a loss of 14 cents. Earnings, adjusted for stock option expense and amortization costs, were 3 cents per share.

The results beat Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for a loss of 1 cent per share.

The cloud-based security company posted revenue of $199 million in the period, also topping Street forecasts. Seven analysts surveyed by Zacks expected $188.6 million.

For the current quarter ending in November, CrowdStrike said it expects revenue in the range of $210.6 million to $215 million.

The company expects full-year earnings in the range of 2 cents to 8 cents per share, with revenue ranging from $809.1 million to $826.7 million.

CrowdStrike shares have nearly tripled since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $143, a rise of 71% in the last 12 months.

This story was generated by Automated Insights (https://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CRWD at https://www.zacks.com/ap/CRWD

SOURCE: https://www.w24news.com