TASR Dips After Issuing Weak Forecast
Shares of Taser International Inc moved down after the company issued weaker-than-expected revenue forecasts for Q2.
The stun-gun maker has forecasted its sales for the second quarter at about $18.5 million, while the Street view stands at $25.6 million. The Scottsdale, Arizona-based company lowered its estimates due to delays in international orders. Weak domestic sales were also responsible for the company issuing weak forecasts.
Chief Executive Rick Smith is expecting new products in the pipeline to enhance its performance in 2011.
TASR’s shares fell 5.13% to $3.70 at 10:10 am.
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