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Why Axon Enterprise's Shares Fell 14% Today

TheMotleyFool

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Why Axon Enterprise's Shares Fell 14% Today

Shares of taser and body-camera maker Axon Enterprise (NASDAQ: AAXN) fell as much as 13.9% in trading Wednesday after reporting second-quarter earnings. At 3:20 p.m. EDT, shares were still 12.5% lower on the day.

Quarterly sales were up 36%, to $79.6 million, and net income was $2.3 million, or $0.04 per share. The revenue result was in line with expectations, and earnings beat by $0.01.

Image source: Axon Enterprise.

Source: Fool.com