SCOTTSDALE, Ariz. (AP) — SCOTTSDALE, Ariz. (AP) — Axon Enterprise Inc. (AXON) on Tuesday reported a third-quarter loss of $2.2 million, after reporting a profit in the same period a year earlier.
On a per-share basis, the Scottsdale, Arizona-based company said it had a loss of 3 cents. Earnings, adjusted for one-time gains and costs, were $1.17 per share.
The results missed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.63 per share.
The maker of stun guns and body cameras posted revenue of $710.6 million in the period, which beat Street forecasts. Seven analysts surveyed by Zacks expected $699.6 million.
For the current quarter ending in December, Axon said it expects revenue in the range of $750 million to $755 million.
The company expects full-year revenue of $2.74 billion.
Axon shares have risen 21% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $716.90, a climb of 66% 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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