CrowdStrike shares drop on weak revenue guidance

George Kurtz, chief executive officer of Crowdstrike Inc., speaks during the Montgomery Summit in Santa Monica, California, U.S., on Wednesday, March 4, 2020. CrowdStrike shares fell about 5% in extended trading on Tuesday after the security software maker issued a weaker-than-expected revenue forecast. Here's how the company did against LSEG consensus: Earnings per share: 73 cents, adjusted vs. 65 cents expected 73 cents, adjusted vs. 65 cents expected Revenue: $1.10 billion vs. $1.10 billion expected Revenue increased by nearly 20% in the fiscal first quarter, which ended on April 30, according to a statement. The company registered a net loss of $110.2 million, or 44 cents per share, compared with net income of $42.8 million, or 17 cents per share, in the same quarter last year. Costs rose in sales and marketing as well as in research and development and administration, partly because of a broad software outage last summer. For the current quarter, CrowdStrike called for 82 c ... Read full article.