SCOTTSDALE, Ariz. (AP) — SCOTTSDALE, Ariz. (AP) — Axon Enterprise Inc. (AXON) on Tuesday reported fourth-quarter profit of $135.2 million.
The Scottsdale, Arizona-based company said it had net income of $1.67 per share. Earnings, adjusted for one-time gains and costs, were $2.08 per share.
The results beat Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.53 per share.
The maker of stun guns and body cameras posted revenue of $575.1 million in the period, also surpassing Street forecasts. Five analysts surveyed by Zacks expected $566.1 million.
For the year, the company reported profit of $377 million, or $4.80 per share. Revenue was reported as $2.08 billion.
Axon expects full-year revenue in the range of $2.55 billion to $2.65 billion.
Axon shares have declined 16% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $496.65, a rise of 83% in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AXON at https://www.zacks.com/ap/AXON
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