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Axon: 1Q Earnings Snapshot

SCOTTSDALE, Ariz. (AP) _ Axon Enterprise Inc. (AAXN) on Thursday reported first-quarter net income of $6.4 million, after reporting a loss in the same period a year earlier.

The Scottsdale, Arizona-based company said it had profit of 11 cents per share. Earnings, adjusted for one-time gains and costs, came to 21 cents per share.

The results topped Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 16 cents per share.

The maker of stun guns and body cameras posted revenue of $115.8 million in the period, also surpassing Street forecasts. Eight analysts surveyed by Zacks expected $110.4 million.

Axon expects full-year revenue in the range of $485 million to $495 million.

Axon shares have risen 53% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $66.73, an increase of 22% in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AAXN at https://www.zacks.com/ap/AAXN