Categories AlphaGraphs, Earnings, Technology
Infographic: CrowdStrike (CRWD) Q1 earnings, revenues top expectations
Cybersecurity company CrowdStrike Holdings, Inc. (NASDAQ: CRWD) Thursday reported higher earnings and revenues for the first quarter of 2023 as demand conditions remained favorable due to strong digital transformation and cloud adoption. The results also beat the estimates.
First-quarter net income, excluding special items, rose to $0.31 per share from $0.10 per share a year earlier, surpassing the consensus forecast. On an unadjusted basis, it was a net loss of $31.5 million or $0.14 per share, compared to a loss of $85.0 million or $0.38 per share in the first quarter of 2022.
The positive earnings performance, on an adjusted basis, reflects a 61% increase in first-quarter revenues to $487.8 million, which also came in above the market’s prediction.
Check this space to read management/analysts’ comments on CrowdStrike’s Q1 earnings
Shares of CrowdStrike declined during Thursday’s extended trading, after closing the regular session higher.
_________________________________________________________________________________________________________________
Stocks you may like:
International Business Machines Corp. (IBM) Stock
_________________________________________________________________________________________________________________
Most Popular
CVX Earnings: Chevron reports lower revenue and profit for Q3 2024
Energy exploration company Chevron Corporation (NYSE: CVX) on Friday announced third-quarter 2024 financial results, reporting a decline in net profit and revenues. Net income attributable to Chevron Corporation dropped to
Key highlights from Exxon Mobil Corporation’s (XOM) Q3 2024 earnings results
Exxon Mobil Corporation (NYSE: XOM) reported its third quarter 2024 earnings results today. Total revenues and other income remained relatively flat at $90 billion compared to the same period a
AAPL Earnings: Apple Q4 2024 sales rise 6% YoY, beat estimates
Apple Inc. (NASDAQ: AAPL) reported an increase in revenues for the fourth quarter of 2024. The top line came in above estimates. The gadget giant generated revenues of $94.9 billion
