CrowdStrike narrowly beats estimates on AI tailwinds, but stock falls 10%

Key points

• 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 $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.
• That's up from a net loss of $104.3 million, a loss of 42 cents per share, last year.
• CrowdStrike also announced a four-for-one stock split effective in July.