CrowdStrike slips even as Q2 results surpass estimates, raises guidance
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CrowdStrike Holdings (NASDAQ:CRWD) shares fell around 1% in extended-hours trading even as the cyber security company reported second-quarter results and guidance that surpassed Wall Street's expectations.
For the period ending July 31, CrowdStrike earned 74 cents per share, excluding one-time items, as revenue rose 36.7% year-over-year to $731.6M. 
CrowdStrike (CRWD) ended the period with 37% growth in annual recurring revenue to $2.93B, including $196M in net new ARR during the quarter.
It also had a record $245M in cash flow from operations during the period, along with a record $189M in free cash flow.
A consensus of analysts had expected CrowdStrike (CRM) to earn 56 cents per share, excluding one-time items, on $724.39M in revenue.
Looking to the third-quarter, CrowdStrike (CRWD) expects to earn 74 cents per share on an adjusted basis, with revenue between $775.4M and $778M. Analysts were expecting the company to earn 60 cents per share, excluding one-time items, on $774.14M in revenue.
The cybersecurity giant also raised the low-end of its full-year revenue guidance, as it now expects sales to be between $3.03B and $3.04B, up from a prior range of $3B to $3.04B.
Full-year earnings are forecast to be between $2.80 and $2.84 per share, above the $2.39 per share estimate.
CrowdStrike (CRWD) will hold a conference call at 5 p.m. EST to discuss the results.

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