Why Axon's Shares Popped 35.5% on Friday
Shares of Axon (NASDAQ: AAXN) jumped as much as 35.5% in trading Friday after reporting third-quarter 2019 results. At the close of trading, shares were still up a whopping 24.6%.
Revenue was up 35% over a year ago, to $131 million, and net income was $6.1 million, or $0.10 per share. Software and sensors, which include body cameras and cloud services, led the way with a 42.3% increase in revenue in the cloud segment to $34 million, and a 45.3% increase in sales in sensors to $25.1 million.
Image source: Axon.
Source Fool.com
