Axon Just Delivered a Huge Beat-and-Raise. So Why Is the Stock Down?
Investors didn't seem to get a clear read on Axon's latest earnings report.
Overview
Axon Enterprise (NASDAQ: AXON) stepped up to deliver its second-quarter earnings report after hours on Wednesday and reported another smash hit.
Revenue growth topped 30% for the tenth quarter in a row, coming in at 35% to reach $904 million, which was well ahead of estimates at $876.5 million.
Details
The law enforcement technology company, which is best known for the TASER electrical weapon, delivered strong top-line growth across the board, with TASER revenue up 21% to $261.3 million. Platform solutions jumped 123% to $149.8 million, driven by strong growth in its drone business, and software and services revenue was up 36% to $397.8 million, including 700% growth in the AI Era plan, a subscription service for Axon's AI tools.
Source
Originally published at www.fool.com.