Axon Enterprise: Q3 Earnings Insights
Portfolio Pulse from Benzinga Insights
Axon Enterprise (NASDAQ:AXON) reported Q3 earnings, beating estimated earnings by 34.21% with an EPS of $1.02 versus an estimate of $0.76. Revenue was up $101.85 million from the same period last year. Last quarter, the company beat on EPS by $0.49, which was followed by a 14.06% increase in the share price the next day.
November 07, 2023 | 9:25 pm
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POSITIVE IMPACT
Axon Enterprise's Q3 earnings beat estimates by 34.21%, with an EPS of $1.02. This follows a trend from last quarter where a beat on EPS led to a 14.06% increase in share price.
Axon Enterprise has reported a significant beat on earnings estimates for Q3, which is likely to be viewed positively by the market. This follows a trend from the previous quarter where a beat on EPS estimates led to a significant increase in share price. Therefore, it is reasonable to expect a similar positive impact on the share price in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100