CrowdStrike beats Q4, stock slips
Wall Street Breakfast
Seeking Alpha
3.8 • 950 Ratings
🗓️ 5 March 2025
⏱️ 6 minutes
🧾️ Download transcript
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Transcript
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| 0:00.0 | Welcome to Seeking Alpha's Wall Street Breakfast, where we cover the top news for investors every morning. |
| 0:08.0 | Good morning. Today is Wednesday, March 5th. I'm Julie Morgan. Crowdstrike beats estimates but is still down in pre-market action. Disney is letting more workers go, but TikTok is hiring. |
| 0:21.6 | Crowdstrike is down 9% in pre-market trading. |
| 0:26.6 | Shares fell despite beating Q4 estimates as its guidance disappointed investors. |
| 0:31.6 | The company forecast Q1 fiscal year 26 revenue of $1.10 to $1.11 billion, aligning with the $1.10 billion estimate. |
| 0:41.6 | But its adjusted EPS projection of $64 to 66 cents falls well below the 95 cent consensus. |
| 0:49.3 | For the full year, CrowdStrike expects revenue of $4.74 to $.81 billion, with a midpoint slightly below the |
| 0:57.2 | 4.78 billion forecast. While its adjusted EPS outlook of $3.33 to $3.45 lacks nearly 25% |
| 1:07.8 | behind the $4.43 consensus. TikTok is reportedly eyeing an expansion of its local services |
| 1:16.1 | business to the U.S. Axios reported this on Tuesday, citing job postings and sources familiar with the |
| 1:23.4 | company's plans. Last year, it began testing with local services in Southeast Asia, like |
| 1:28.8 | Singapore and Indonesia. The program lets creators give vouchers for places like restaurants and hotels. |
| 1:36.0 | According to the jobs posted on its website, TikTok is currently hiring people based in Seattle, |
| 1:41.8 | Los Angeles, and New York to evaluate opportunities to connect |
| 1:45.9 | local merchants and vendors with TikTok creators and users. One listing shows that the immediate |
| 1:52.3 | focus will be on top local services partners and travel to further accelerate service offerings |
| 1:58.2 | on TikTok. Other listings were to onboard lifestyle creators for food |
| 2:02.9 | and travel to help drive local services adoption and monetization opportunities. In a separate report, |
| 2:09.6 | sources told Reuters on Tuesday that TikTok's parent company, BightDance, is offering to buyback |
| 2:15.5 | shares from its U.S. employees at a higher valuation under a new repurchase program. Bight Dance is offering to buyback shares from its U.S. employees at a higher valuation |
| 2:19.0 | under a new repurchase program. Bight Dance is offering $189.90 per share to its U.S. employees, |
| 2:27.0 | up 11% from a year ago and up $181 per share from six months ago. |
... |
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