SCOTTSDALE, Ariz. (AP) — SCOTTSDALE, Ariz. (AP) — Axon Enterprise Inc. (AXON) on Wednesday reported first-quarter profit of $88 million.
The Scottsdale, Arizona-based company said it had profit of $1.08 per share. Earnings, adjusted for one-time gains and costs, came to $1.41 per share.
The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.27 per share.
The maker of stun guns and body cameras posted revenue of $603.6 million in the period, also topping Street forecasts. Six analysts surveyed by Zacks expected $589.1 million.
Axon expects full-year revenue in the range of $2.6 billion to $2.7 billion.
Axon shares have increased slightly since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $596.42, an increase of 91% 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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