CrowdStrike (CRWD) swung to an unexpected loss in the 🍌third qua🎃rter 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.

CrowdStr♒ike Still Dealing With Effects of Massive Ju൩ly Outage 

The results come as CrowdStrike continues to deal with costs tied to the fallout from a 澳洲幸运5官方开奖结果体彩网:faulty software update in July that affected Microsoft (MSFT) Windows-based systems across the world and led to the grounding of thousands of flights.

Delta Air Lines (DAL) 澳洲幸运5官方开奖结果体彩网:sued the company last month, estimating the incident 澳洲幸运5官方开奖结果体彩网:cost it $500 million, along with loss of future revenue and damaged reputation. The complaint alleges breach of contract, gross negligence, and inte🐻ntional misrepresentation or fraud by omission on CrowdStrike's part.

CrowdStrike has said it is 澳洲幸运5官方开奖结果体彩网:not responsible for Delta’s handling o🐠f the incid🌜ent and that the airline largely ignored its offers for assistance.

CrowdStrike CFO Burt Podbere said the company's third-quarter results showed "a strong finish and quarter-over-quarter increase in pipeline, despite expected headwinds from the July 19 incident."

The company raised its full-year revenue guidance to $3.92 billion to $3.93 billion, up from $3.🎀89 billion to $3.9 billion and above Street expectations.

Shares of CrowdStrike fell 2% in extended trading Tuesday following the release. The stock was up over 42% from the start of the year through Tuesday's close.