SCOTTSDALE, Ariz. (AP) — SCOTTSDALE, Ariz. (AP) — Axon Enterprise Inc. (AXON) on Tuesday reported second-quarter net income of $40.8 million.
On a per-share basis, the Scottsdale, Arizona-based company said it had net income of 53 cents. Earnings, adjusted for one-time gains and costs, were $1.20 per share.
The results topped Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.06 per share.
The maker of stun guns and body cameras posted revenue of $504.1 million in the period, which also topped Street forecasts. Six analysts surveyed by Zacks expected $476.9 million.
Axon expects full-year revenue in the range of $2 billion to $2.05 billion.
Axon shares have risen 14% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $294.30, an increase of 64% in the last 12 months.
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