The outlook sent the shares down more than 8% in after-market trading in New York. They had been up 14% this year to US$390.16 through the close.
CrowdStrike Holding shares fell after the cybersecurity company issued a worse-than-expected earnings outlook, signalling that it’s still recovering from a flawed software update that crashed millions of computers globally last year.
Adjusted earnings for the three months ending April 30 will be 64 to 66 US cents (85.62 to 88.29 cents) a share, CrowdStrike said in a statement Tuesday. That’s well below the 96 US cents that analysts had been projecting.
