U.S. markets closed

CrowdStrike: Fiscal 1Q Earnings Snapshot

SUNNYVALE, Calif. (AP) _ CrowdStrike Holdings Inc. (CRWD) on Tuesday reported a loss of $19.2 million in its fiscal first quarter.

The Sunnyvale, California-based company said it had a loss of 9 cents per share. Earnings, adjusted for stock option expense and amortization costs, were 2 cents per share.

The results topped Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for a loss of 6 cents per share.

The cloud-based security company posted revenue of $178.1 million in the period, which also topped Street forecasts. Seven analysts surveyed by Zacks expected $165.9 million.

For the current quarter ending in August, CrowdStrike said it expects revenue in the range of $185.8 million to $190.3 million.

The company expects full-year results to range from a loss of 8 cents per share to a loss of 5 cents per share, with revenue ranging from $761.2 million to $772.6 million.

CrowdStrike shares have increased 85% since the beginning of the year.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CRWD at https://www.zacks.com/ap/CRWD