Earnings

CrowdStrike shares drop on weaker-than-expected growth in new revenue

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George Kurtz, co-founder and CEO of CrowdStrike, speaks at the Wall Street Journal D.Live global technology conference in Laguna Beach, California, on Oct. 17, 2017.

Patrick T. Fallon | Bloomberg | Getty Images

CrowdStrike shares plunged 18% in extended trading on Tuesday after the cybersecurity company reported third-quarter results that top estimates but said new revenue growth was weaker than expected.

Here’s how the company did:

  • Earnings: 40 cents per share, adjusted, vs. 31 cents expected by analysts, according to Refinitiv
  • Revenue: $581 million vs. $574 million expected by analysts, according to Refinitiv

CrowdStrike reported annual recurring revenue (ARR) of $2.34 billion, up 54% year…



Source cnbc.com

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