SCOTTSDALE, Ariz. (AP) 鈥� SCOTTSDALE, Ariz. (AP) 鈥� Axon Enterprise Inc. (AXON) on Wednesday reported second-quarter profit of $29.4 million.
On a per-share basis, the Scottsdale, Arizona-based company said it had net income of 36 cents. Earnings, adjusted for one-time gains and costs, were $1.88 per share.
The results missed Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.89 per share.
The maker of stun guns and body cameras posted revenue of $904.4 million in the period, topping Street forecasts. Seven analysts surveyed by Zacks expected $868.3 million.
Axon shares have climbed 7% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $607.99, a drop of 30% in the last 12 months.
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