SCOTTSDALE, Ariz. (AP) — SCOTTSDALE, Ariz. (AP) — Axon Enterprise Inc. (AXON) on Thursday reported third-quarter net income of $57 million, after reporting a loss in the same period a year earlier.
The Scottsdale, Arizona-based company said it had profit of 68 cents per share. Earnings, adjusted for one-time gains and costs, came to $1.72 per share.
The results fell short of Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.90 per share.
The maker of stun guns and body cameras posted revenue of $908.6 million in the period, which also fell short of Street forecasts. Eight analysts surveyed by Zacks expected $931.1 million.
For the current quarter ending in December, Axon said it expects revenue in the range of $990 million to $1.01 billion.
The company expects full-year revenue in the range of $3.61 billion to $3.63 billion.
Axon shares have dropped 33% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $380.83, a fall of 40% 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
