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

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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--