RTTNews | Mar 17, 2021 07:20AM EDT

07:19 Wednesday, March 17, 2021 (RTTNews.com) - Shares of cloud-delivered solutions provider for next-generation endpoint protection, CrowdStrike Holdings, Inc. (CRWD) are rising more than 5% in the pre-market trade on Wednesday after reporting better-than-expected fourth-quarter earnings.

The company's net loss in the fourth quarter narrowed to $19.0 million or $0.09 per share, from net loss of $28.4 million $0.14 per share in the same quarter a year ago.

Excluding items, adjusted earnings of $0.13 per share beat the average estimate of analysts surveyed by Thomson Reuters at $0.08 per share. Analysts' estimates typically exclude special items.

Revenue for the quarter increased was 74% to $264.9 million from $152.1 million in the year-ago quarter, helped by 77% growth in subscription revenue.

The company said its Annual Recurring Revenue (ARR) increased 75% year-over-year to $1.05 billion as of January 31, 2021, with $142.7 million new additions in the quarter.

Looking forward to the first quarter, CrowdStrike sees first-quarter revenue to be in the range of $287.8 million - $292.1 million and adjusted earnings to be in the range of $0.05 per share - $0.06 per share. On average 20 analysts expect the company to report earnings of $0.04 per share on revenue of $267.85 million for the quarter.

For the full-year, revenue is expected in the range of $1.310 billion - $1.320 billion and adjusted earnings to be in the range of $0.27 per share - $0.30 per share. The consensus estimate for revenue is at $1.22 billion and for earnings is at $0.28 per share.

CRWD closed Tuesday's regular trading at $196.31, down 2.11%.

Read the original article on RTTNews ( https://www.rttnews.com/3178109/stock-alert-crowdstrike-holdings-up-5-in-pre-market-on-better-than-expected-quarterly-results.aspx)

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