Axon Enterprise stock (NASDAQ: AXON), best known for its products, including taser and body cams for the law enforcement agencies, surged nearly 30% on Friday, November 8, after the company posted a solid Q3 beat and raised its outlook. Axon reported revenue of $544 million and earnings of $1.45 per share, compared to the consensus estimates of $527 million and $1.20 respectively.
Major U.S. equities indexes ticked higher to wrap up an eventful week of political and economic news. Election Day on Tuesday was followed by the Federal Reserve's announcement on Thursday of a quarter-point interest-rate cut.
George Tsilis joins Overlooked Stocks to talk Axon Enterprise (AXON) and GEO, which he calls Trump trades. Axon makes tasers and body cameras, while GEO Group (GEO) runs private prisons.
Here is how Axon Enterprise (AXON) and IHI CORP (IHICY) have performed compared to their sector so far this year.
Axon Enterprise, Inc. (AXON) Q3 2024 Earnings Call Transcript
Although the revenue and EPS for Axon (AXON) give a sense of how its business performed in the quarter ended September 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Axon Enterprise (AXON) came out with quarterly earnings of $1.45 per share, beating the Zacks Consensus Estimate of $1.22 per share. This compares to earnings of $1.02 per share a year ago.
Taser maker Axon earnings surged 42% and sales grew 32%, an overall beat. The post Axon Stock Soars On Uplifting Guidance After Earnings Beat appeared first on Investor's Business Daily.
Axon's third-quarter 2024 results are likely to gain from the strong demand for TASER devices and higher cartridge revenues.
Beyond analysts' top -and-bottom-line estimates for Axon (AXON), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended September 2024.
It has been 20 years since Axon Enterprise (NASDAQ:AXON) completed a stock split, but its next one could come as soon as next week.
In the most recent trading session, Axon Enterprise (AXON) closed at $425.84, indicating a +0.55% shift from the previous trading day.