Dollar Edges Up Amid Emerging Markets Concerns

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SUNNYVALE, Calif. (AP) _ CrowdStrike Holdings Inc. (CRWD) on Wednesday reported a loss of $24.5 million in its fiscal third quarter. On a per-share basis, the Sunnyvale, California-based company said it had a loss of 11 cents. Earnings, adjusted for stock option expense and costs related to mergers and acquisitions, came to 8 cents per share. The results topped Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was breakeven on a per-share basis. The cloud-based security company posted revenue of $232.5 million in the period, also beating Street forecasts. Six analysts surveyed by Zacks expected $213.7 million. For the current quarter ending in January, CrowdStrike expects its per-share earnings to range from 8 cents to 9 cents. The company said it expects revenue in the range of $245.5 million to $250.5 million for the fiscal fourth quarter. CrowdStrike expects full-year earnings in the range of 21 cents to 22 cents per share, with revenue ranging from $855 million to $860 million. CrowdStrike shares have nearly tripled since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $141.84, more than doubling in the last 12 months. _____ This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CRWD at https://www.zacks.com/ap/CRWD View comments
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