CrowdStrike Holdings Shares Plummet 14% on Weak Outlook
<p><a href='https://financialmodelingprep.com/financial-summary/CRWD'>CrowdStrike Holdings Inc. (NASDAQ:CRWD)</a> shares plunged more than 14% today on the company’s reported weaker-than-expected outlook.</p>
<p>Q3 EPS came in at $0.40, better than the Street estimate of $0.32. Revenue was $581 million, beating the Street estimate of $575.16 million. Macro challenges negatively impacted net-new ARR of $198.1 million, up 16% year-over-year vs. 45% growth last quarter, missing the Street estimate of $206.1 million. </p>
<p>The company expects Q4/23 EPS to be in the range of $0.42-$0.45, compared to the Street estimate of $0.34. Revenue is seen in the range of $619.1-628.2 million, compared to the Street estimate of $632.84 million.</p>
<p>For fiscal 2023, the company expects EPS in the range of $1.49-$1.52, compared to the Street estimate of $1.32. Revenue is expected in the range of $2.223-2.232 billion, compared to the Street estimate of $2.23 billion.</p>

NASDAQ:CRWD