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
JetBlue Airways (JBLU) Q4 2022 Earnings: Key financials and quarterly highlights
JetBlue Airways Corporation (NASDAQ: JBLU) reported fourth quarter 2022 earnings results today. Total operating revenues increased 32% year-over-year to $2.4 billion. Net income amounted to $24 million, or $0.07
AAL Q4 2022 Report: Highlights American Airlines earnings
American Airlines Group (NASDAQ: AAL) announced fourth-quarter 2022 financial results on Thursday, reporting a sharp increase in revenues. The company turned profit from a loss last year. Total operating revenues
LUV Earnings: A snapshot of Southwest Airlines’ Q4 2022 report
Southwest Airlines Co. (NYSE: LUV) on Thursday announced financial results for the fourth quarter of 2022, reporting a net loss and a double-digit increase in revenues. Total operating revenue was