CrowdStrike Beats Estimates in Recent Quarter

CrowdStrike ($CRWD@US) beat Wall Street estimates for its recent quarter ending in January. Earnings rose 57 percent to 47 cents per share on an adjusted basis, and revenue, including acquisitions, surged 48 percent to $637.4 million. The global cybersecurity company’s adjusted per-share earnings were 47 cents versus the 43 cents estimated, and revenue was $637 million compared to the $625 million estimated. The company also shared strong earnings and revenue guidance of $676.5 million for the current quarter versus the $663.3 million estimate. Shares rose 6 percent in after-hours trading on Tuesday.