SCOTTSDALE, Ariz. (AP) — SCOTTSDALE, Ariz. (AP) — Axon Enterprise Inc. (AXON) on Thursday reported third-quarter net income of $67 million.
On a per-share basis, the Scottsdale, Arizona-based company said it had net income of 86 cents. Earnings, adjusted for one-time gains and costs, came to $1.45 per share.
The results exceeded Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.22 per share.
The maker of stun guns and body cameras posted revenue of $544.3 million in the period, also exceeding Street forecasts. Six analysts surveyed by Zacks expected $527.1 million.
Axon expects full-year revenue of $2.07 billion.
Axon shares have increased 81% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $466.88, more than doubling in the last 12 months.
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