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CrowdStrike narrowly beats estimates on AI tailwinds, but stock falls 10%
CrowdStrike narrowly beat Wall Street's fiscal first-quarter estimates after the bell on Wednesday, but shares slid 10% following the report. Here's how the company did versus LSEG estimates: - Earnings per share: $1.10 adjusted vs. $1.07 expected - Revenue: $1.39 billion vs. $1.36 billion estimate The cybersecurity company said revenue grew 26% from a year ago. Net income totaled about $27.8 million, or 11 cents per share.