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CrowdStrike stock drops more than 10% after less-than-perfect earnings outlook

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CrowdStrike Holdings Inc. shares fell in the extended session Wednesday after the cybersecurity company’s forecast failed to wow Wall Street.

CrowdStrike shares CRWD dropped nearly 12% after hours, following a 1% rise in the regular session to close at $160.13. The software company’s executives forecast adjusted fiscal second-quarter earnings of 54 cents to 57 cents a share on revenue of $717.2 million to $727.4 million, while analysts forecast earnings of 55 cents a share on revenue of $718.6 million, according to analysts…

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