By Angela Palumbo
Shares of CrowdStrike Holdings were falling after the cybersecurity firm reported strong results offset by a disappointing earnings outlook.
CrowdStrike posted fourth-quarter earnings of $1.03 a share on revenue of $1.06 billion. Analysts surveyed by FactSet expected the company to report earnings of 86 cents a share on revenue of $1.04 billion.
In the same period last year, CrowdStrike reported earnings of 95 cents a share on revenue of $845 million.
"As businesses of all sizes rapidly adopt AI, stopping the breach necessitates cybersecurity's AI-native platform," CEI George Kurtz said in the earnings release.
The stock was down 6.5% in after-hours trading, though, because CrowdStrike said it expects first-quarter earnings to be between 64 cents a share and 66 cents a share, well below Wall Street's estimates of 95 cents a share. Earnings for the year are expected to be between $3.33 a share to $3.45 a share, also below the analyst call of $4.40 a share.
Over the summer, an update to the CrowdStrike's software led to widespread crashes of computers using Microsoft's PC operating systems, resulting in IT outages across multiple industries.
Write to Angela Palumbo at angela.palumbo@dowjones.com
This content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal.
(END) Dow Jones Newswires
March 04, 2025 16:33 ET (21:33 GMT)
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