SCOTTSDALE, Ariz. (AP) — SCOTTSDALE, Ariz. (AP) — Axon Enterprise Inc. (AXON) on Tuesday reported fourth-quarter net income of $57.3 million.
The Scottsdale, Arizona-based company said it had profit of 75 cents per share. Earnings, adjusted for one-time gains and costs, came to $1.12 per share.
The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 86 cents per share.
The maker of stun guns and body cameras posted revenue of $432.1 million in the period, also surpassing Street forecasts. Five analysts surveyed by Zacks expected $419 million.
For the year, the company reported profit of $174.2 million, or $2.31 per share. Revenue was reported as $1.56 billion.
Axon expects full-year revenue in the range of $1.88 billion to $1.94 billion.
Axon shares have risen 5% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $271.82, a climb of 39% 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 AXON at https://www.zacks.com/ap/AXON