SCOTTSDALE, Ariz. (AP) — SCOTTSDALE, Ariz. (AP) — Axon Enterprise Inc. (AXON) on Tuesday reported fourth-quarter net income of $2.7 million.
On a per-share basis, the Scottsdale, Arizona-based company said it had net income of 3 cents. Earnings, adjusted for one-time gains and costs, came to $2.15 per share.
The results surpassed Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.67 per share.
The maker of stun guns and body cameras posted revenue of $796.7 million in the period, which also beat Street forecasts. Seven analysts surveyed by Zacks expected $753.7 million.
For the year, the company reported profit of $124.7 million, or $1.51 per share. Revenue was reported as $2.78 billion.
Axon shares have dropped 22% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $443.68, a fall of 11% 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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