Taser-maker Axon beats Q3 results estimates, lifts annual revenue forecast

Axon Enterprise

07/11/2024 22:55

Nov 7 (Reuters) - 
    Taser-maker Axon Enterprise  AXON.O  lifted its full-year
revenue forecast on Thursday after beating Wall Street estimates
for quarterly revenue and profit, sending the company's shares
up 11% after the bell.
    The Scottsdale, Arizona-based company is the leading maker
of police body cameras in the U.S. and supplies drones to law
enforcement agencies in North America, Europe and Australia.
    It posted a 32% rise in third-quarter revenue to $544.3
million, compared with analysts' estimates of $525.1 million,
according to LSEG compiled data.
    Axon now expects annual revenue of $2.07 billion, up from
its prior forecast range of $2 billion to $2.05 billion.
    On an adjusted basis, profit for the quarter ended Sept. 30,
came in at $1.45 per share, ahead of estimates of $1.20 per
share.

 (Reporting by Aatreyee Dasgupta in Bengaluru; Editing by
Shailesh Kuber)
 ((Aatreyee.Dasgupta@thomsonreuters.com;))