Why Axon Enterprise Is Soaring 20% Today
Shares of Axon Enterprise (NASDAQ: AAXN) were soaring 20% higher in midday trading after the stun gun maker trounced earnings expectations and also beat revenue forecasts.
The maker of Taser has bundled its revenue streams into conducted electrical weapons, Axon body cameras, and cloud software, and it has reported revenue of $147.2 million, well ahead of the $131.7 million that Wall Street had been anticipating, generating profits of $0.40 per share, which galloped well ahead of predictions of just $0.18 per share.
Image source: Axon Enterprise.
Source Fool.com