CrowdStrike Stock Falls Hard as Outlook Disappoints

CrowdStrike


Holdings shares were tumbling in after-hours trading Tuesday after the security software company gave an outlook for the current quarter that fell short of what Wall Street had expected.

For the October quarter,


CrowdStrike


(ticker: CRWD) reported adjusted earnings per share of 40 cents, compared with the consensus call of 32 cents among Wall Street analysts tracked by


FactSet


Revenue came in at $580.9 million, which was slightly above analysts’ expectations of $575.1 million.