Axon: 3Q Earnings Snapshot
SCOTTSDALE, Ariz. (AP) _ Axon Enterprise Inc. (AAXN) on Tuesday reported third-quarter net income of $5.7 million.
On a per-share basis, the Scottsdale, Arizona-based company said it had profit of 10 cents. Earnings, adjusted for stock option expense and non-recurring costs, came to 20 cents per share.
The results beat Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 12 cents per share.
The maker of stun guns and body cameras posted revenue of $104.8 million in the period, also topping Street forecasts. Seven analysts surveyed by Zacks expected $102.7 million.
Axon shares have more than doubled since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $60.08, more than doubling in the last 12 months.