Axon: 2Q Earnings Snapshot
SCOTTSDALE, Ariz. (AP) _ Axon Enterprise Inc. (AAXN) on Thursday reported second-quarter profit of $738,000.
On a per-share basis, the Scottsdale, Arizona-based company said it had net income of 1 cent. Earnings, adjusted for one-time gains and costs, came to 14 cents per share.
The results fell short of Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 16 cents per share.
The maker of stun guns and body cameras posted revenue of $112.4 million in the period, which also did not meet Street forecasts. Eight analysts surveyed by Zacks expected $115.3 million.
Axon expects full-year revenue in the range of $485 million to $495 million.
Axon shares have risen 56% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $68.41, a rise of 14% in the last 12 months.