Taser-maker Axon beats Q3 results estimates, lifts annual revenue forecast
Nov 7 (Reuters) -Taser-makerAxon 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
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