Taser International misses 4Q profit expectations, tops revenue forecasts
Taser International Inc. (TASR) on Thursday reported fourth-quarter net income of $5.1 million.
The Scottsdale, Arizona-based company said it had net income of 9 cents per share.
The results did not meet Wall Street expectations. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 10 cents per share.
The stun gun maker posted revenue of $46.8 million in the period, which topped Street forecasts. Analysts expected $42.3 million, according to Zacks.
For the year, the company reported profit of $19.9 million, or 37 cents per share. Revenue was reported as $164.5 million.
Taser shares have risen 2 percent since the beginning of the year. The stock has climbed 42 percent in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap ) using data from Zacks Investment Research. Access a Zacks stock report on TASR at http://www.zacks.com/ap/TASR
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