CrowdStrike (CRWD) earnings report Q1 2024

CrowdStrike reported first-quarter earnings results for its fiscal 2024 year Wednesday, beating consensus estimates on the top and bottom lines but sending shares down more than 11% after hours on slowing revenue growth.

Here’s how the cybersecurity firm did versus Refinitiv consensus estimates for the quarter ending April 30:

• Earnings per share: 57 cents, adjusted, vs. 51 cents expected.
• Revenue: $692.6 million, vs. $676.4 million expected.

The 42% year-over-year revenue increase was slower than the 61% growth it reported in the year-ago quarter. CrowdStrike swung to a profit of $500,000, or…