TASER International Beats Estimates Amidst Heightening Global Tensions

released its Q2 results before the open on Thursday. Earnings per share came in above Wall Street consensus expectations,sending shares up 2.45 percent. TASER International reported EPS of $0.07 and revenues of $58.8 million. Analyst consensus had an EPS estimate of $0.04 and revenues of $54.42 million. The company's weapons segment revenues increased 20% to $45.5 million in the second quarter of 2016 compared to $37.8 million in the second quarter of 2015. Additionally, Taser's Axon video segment revenues increased 49% to $13.2 million in the second quarter of 2016 compared to $8.9 million in the second quarter of 2015. "We generated a 26% increase in net sales for the period and set the stage for future performance as highlighted by a more than doubling of Axon bookings year-over-year to a record $72.0 million," said Rick Smith, TASER CEO and co-founder. At the time of writing, TASER International traded at $29.66 in Thursday's pre-market session.