Axon: 2Q Earnings Snapshot
Aug. 07, 2018
SCOTTSDALE, Ariz. (AP) _ Axon Enterprise Inc. (AAXN) on Tuesday reported second-quarter profit of $8.5 million.
The Scottsdale, Arizona-based company said it had net income of 15 cents per share. Earnings, adjusted for one-time gains and costs, were 18 cents per share.
The results beat Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 9 cents per share.
The maker of stun guns and body cameras posted revenue of $99.2 million in the period, also surpassing Street forecasts. Six analysts surveyed by Zacks expected $95.7 million.
Axon shares have more than doubled since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $67.62, more than doubling in the last 12 months.