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(Reuters) -Taser-maker Axon Enterprise missed analysts’ estimate for third-quarter revenue on Tuesday, pressured by increased prices ensuing from the implementation of tariffs, sending its shares slumping 20% in prolonged buying and selling.
Earlier this yr, the corporate had flagged that the tariff conflict might disrupt its operations by hindering the procurement of imported parts for its merchandise and limiting exports to abroad markets. Axon additionally indicated that it’d think about elevating costs as a consequence of tariff-driven value pressures on suppliers.
The Arizona-based firm is a number one supplier of police physique cameras in america and provides drone methods to regulation enforcement throughout North America, Europe and Australia.
Chief Monetary Officer Brittany Bagley had mentioned in August the impression of tariffs can be extra seen within the second half of the yr.
On an adjusted foundation, Axon earned $1.17 per share for the quarter ended September 30, whereas analysts on common estimated $1.52 per share, in response to information compiled by LSEG.
Its quarterly income was $710.6 million, whereas the estimate was $703.5 million.
The corporate expects 2025 income to be about $2.74 billion, in contrast with its earlier forecast of $2.65 billion to $2.73 billion.
Individually, Axon mentioned it could purchase emergency communications and response platform Carbyne in a deal valuing it at $625 million. The transaction is predicted to shut within the first quarter of 2026.
(Reporting by Aatreyee Dasgupta and Anshuman Tripathy in Bengaluru; Enhancing by Shilpi Majumdar)
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