Lululemon stock jumps after hours on Q1 earnings, Crowdstrike stock dips on earnings beat

Yahoo Finance's Jared Blikre breaks down Lululemon and CrowdStrike's Q1 earnings reports posted after hours today.

Video Transcript

SEANA SMITH: Lululemon earnings are out, and you can see a pop here. And shares of the stock up just about 3 and 1/2%. Jared Blikre has that for us. Jared.

JARED BLIKRE: That's right, the stock has been up as much as 6%. First quarter results, net revenue was a beat, coming in at $1.6 billion. That's up 33% year over year. And you can see on your screen there, that beats the estimate on Wall Street of $1.54. And then first quarter adjusted EPS, that's $1.16, excuse me, which bests the estimate of $1.43. And then inventory, that's a key number that we've been tracking across a number of industries. That is up to $1.28 billion, and that is up 32% year over year. Total location count coming a little bit shy, about eight stores shy of the 587 that Wall Street was expecting.

First quarter total compensation, sales excluding effects-- that is a key step-- that's up 29%. That's a lot of money being shelled out for an executive. Same store sales up 24%. Also, they're seeing the second quarter net revenue of $1.75 to $1.78 billion. They raised that from $1.72 billion. And full year net revenue now seeing $7.61 to $7.71. Previously, they saw $7.49 to $7.62, so they expanded that a little bit, too.

We want to move on to CrowdStrike's, because they are reporting revenue of $487.8 million. That beats the estimate of $463.9 million. First quarter adjusted EPS was $0.31. And the estimate was $0.23, so beating that out by about $0.08. Subscription revenue, $459.8 million. That bests the estimate of $436.8 million. Annual recurring revenue, $1.92 billion. That beats the estimate of $1.9 billion. That is a key stat for them in terms of what they are going to be able to pull in on a subscription basis.

Total subscription customers, 17,945. That beats the estimate of 17,784 by a couple hundred. Total new subscription customers, 1,620 versus the estimate of 1,649, so a little bit shy there. And then they are seeing second quarter adjusted EPS at $0.27, and the Street was expecting $0.28. So a little bit light right there, and you can see the stock is down about 2% in afterhours trading. Guys.

DAVE BRIGGS: Jared Blikre there with some good numbers-- some mixed numbers there. Thank you so much, my friend. Let's--