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TASER (TASR) Q1 Earnings Beat Estimates, Bookings Surge

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TASER International Inc. 's

first-quarter 2016 earnings came in at 6 cents per share, beating the Zacks Consensus Estimate of 3 cents by 100%. This Scottsdale, AZ-based company's earnings were however down 53.8% year over year. The downside was mainly driven by higher operating expenses.

Total Revenue

In the quarter, the company generated revenues of $55.5 million, beating the Zacks Consensus Estimate of $52 million by 6.7%. The reported number also increased 24.1% from the first quarter of 2015. The upside was attributable to higher sales from the TASER Weapon as well as Axon segments.

Revenues from the TASER Weapons segment jumped 19.5% year over year to $45.8 million.

AXON and