SCOTTSDALE, Ariz. (AP) _ Axon Enterprise Inc. (AAXN) on Thursday reported a third-quarter loss of $873,000, after reporting a profit in the same period a year earlier.
The Scottsdale, Arizona-based company said it had a loss of 1 cent per share. Earnings, adjusted for stock option expense and non-recurring costs, came to 40 cents per share.
The results surpassed Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 20 cents per share.
The maker of stun guns and body cameras posted revenue of $166.4 million in the period, also beating Street forecasts. Seven analysts surveyed by Zacks expected $150.3 million.
For the current quarter ending in December, Axon said it expects revenue in the range of $175 million to $185 million.
The company expects full-year revenue in the range of $630 million to $640 million.
Axon shares have climbed 48% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $108.50, more than doubling in the last 12 months.
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