CrowdStrike Earnings Create Fear
- Alexangel Ventura
- Mar 4
- 1 min read
The key tech company CrowdStrike released quarter one earnings Tuesday.
The company reported revenue of $1.06 billion, right in line with investors' expectations of $1.03 billion. Earnings per share has grown to $103.
Although its earnings were slightly stronger than what investors anticipated, it was clearly not enough to appease its shareholders. Previously, the company outperformed expectations by as much as double digits, so even a few point overperformance may not be enough to keep investors placated.
Shares of the company fell by 8.5% in after-hours as of 6:44 PM EST on March 4th.
The company previously made record highs at the very start of President Trump's term, as it rode the general trend of Big Tech/Nasdaq all time highs. From then, the stock fell by over 4%.
