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TASER Beats Estimates Amid Heightening Global Tensions

TASER International, Inc. TASR 0.8% released its Q2 results after the close on Thursday. Earnings per share came in above Wall Street consensus expectations.

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 percent 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 percent 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 time of writing, TASER International traded at $29.66 in Thursday's after-hours session, up 1 percent.

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