CrowdStrike falls 9% on disappointing earnings forecast

George Kurtz, co-founder and CEO of CrowdStrike Holdings Inc., during a Bloomberg Technology television interview at the RSA Conference in San Francisco on April 26, 2023. CrowdStrike shares dropped nearly 9% in extended trading on Tuesday after the cybersecurity software provider issued disappointing earnings guidance. Here's what the company reported compared to LSEG estimates: Earnings per share: $1.03. The number doesn't to appear to be comparable to analysts' estimates. $1.03. The number doesn't to appear to be comparable to analysts' estimates. Revenue: $1.06 billion vs. $1.03 billion Revenue increased 25% from $845.3 million a year earlier, and the company posted a net loss of $92.3 billion, or 37 cents per share. In the year-ago period, the company posted net income of $53.7 million, or 22 cents per share. For the year, CrowdStrike said it expects earnings, excluding some items, to range between $3.33 and $3.45 per share, falling short of the $4.42 expected by analysts po ... Read full article.