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CRWD Q2 Earnings Beat: Will Weak FY25 Guidance Drag Down Shares?

Benzinga LogoBenzinga3d ago

CRWD Q2 Earnings Beat: Will Weak FY25 Guidance Drag Down Shares? - Benzinga

Quick Summary:

CrowdStrike Holdings, Inc.(NASDAQ: CRWD) reported non-GAAP earnings of $1.04 per share in the second quarter of fiscal 2025, which surpassed the Zacks Consensus Estimate of 98 cents and came ahead of management's guidance of 98-99 cents.

Despite the strong second-quarter performance, CrowdStrike lowered guidance for fiscal 2025 due to several factors, including an extended sales cycle and planned delay in the vast majority of outbound pipeline generation activities for a few weeks following the July 19 incident.

CrowdStrike's fiscal second-quarter revenues of $963.9 million rose 32% year over year and surpassed the consensus mark of $958.58 million.

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Article Details

Author / Journalist: Zacks

Category: Technology

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-29 @ 17:24:34 (3 days ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 1179 words

Reading Time: 7 minutes read

Sentences: 57 lines

Sentence Length: 21 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 22299192

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News Last Updated: 21 hours ago

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