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TASER maker Axon plunges 17% after earnings fall short due to tariff hit
CNBC· 2025-11-05 22:49
Axon Enterprise's stock plummeted 17% after the TASER maker missed Wall Street's third-quarter profit expectations as it grapples with tariff constraints.Adjusted earnings totaled $1.17 per share adj., falling short of a $1.52 per share forecast from LSEG. Adjusted gross margins fell 50 basis points from a year ago to 62.7%, which Axon attributed to tariff impacts.Axon's connected devices business, which includes its TASER and counter drone equipment, felt the biggest pinch during the first full quarter wit ...