Crowdstrike Stock Plummets: Q1 Earnings Miss Shocks Investors

Crowdstrike Holdings, Inc. fell 6.35% in premarket trading after reporting first-quarter earnings and guidance, with revenue expected to be between $1.14 billion and $1.15 billion for the second quarter, and adjusted earnings per share between $0.82 and $0.84, missing analyst estimates of $1.16 billion and $0.81, respectively. The company's first-quarter revenue grew nearly 20% year-over-year to $1.1 billion, meeting expectations, while adjusted earnings per share declined from $0.79 to $0.73, exceeding the market average estimate of $0.65.