Axon: Q2 Earnings Snapshot

August 9, 2022 GMT

SCOTTSDALE, Ariz. (AP) _ Axon Enterprise Inc. (AXON) on Tuesday reported second-quarter net income of $51 million, after reporting a loss in the same period a year earlier.

The Scottsdale, Arizona-based company said it had profit of 71 cents per share. Earnings, adjusted for non-recurring gains, came to 44 cents per share.

The results topped Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 38 cents per share.

The maker of stun guns and body cameras posted revenue of $285.6 million in the period, also exceeding Street forecasts. Five analysts surveyed by Zacks expected $258.1 million.

Axon expects full-year revenue in the range of $1.07 billion to $1.12 billion.

Axon shares have dropped 29% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $111.62, a drop of 42% 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