Axon: 4Q Earnings Snapshot

·1 min read

SCOTTSDALE, Ariz. (AP) _ Axon Enterprise Inc. (AXON) on Thursday reported fourth-quarter net income of $25.8 million, after reporting a loss in the same period a year earlier.

On a per-share basis, the Scottsdale, Arizona-based company said it had net income of 40 cents. Earnings, adjusted for one-time gains and costs, came to $1 per share.

The results exceeded Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 36 cents per share.

The maker of stun guns and body cameras posted revenue of $226.1 million in the period, also surpassing Street forecasts. Six analysts surveyed by Zacks expected $180.7 million.

For the year, the company reported a loss of $1.7 million, or 3 cents per share, swinging to a loss in the period. Revenue was reported as $681 million.

Axon expects full-year revenue in the range of $740 million to $780 million.

Axon shares have increased 30% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $159.90, more than doubling 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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