CrowdStrike Swings to a Loss With Costs Tied to Massive Outage, Despite Revenue Gains

CrowdStrike (CRWD) swung to an unexpected loss in the third quarter as expenses rose, despite revenue gains that topped analysts' estimates. The cybersecurity giant posted third-quarter revenue of $1.01 billion, up 29% year-over-year and above the analyst consensus compiled from Visible Alpha. However, the company posted a loss of $16.82 million or 7 cents per share, compared to a profit of $26.67 million or 11 cents per share a year earlier, falling short of expectations as costs surged. CrowdStrike Stil ...