Axon Shares Fall 10% After Guidance Cut and Skydio Investment
Axon said three deployments worth around $130 million are no longer on track to occur this year, prompting it to cut its outlook. Shares fell 10% to $345.50 in after-hours trading Thursday.
By Elias SchisgallShares of Axon Enterprise fell as the company announced a new investment in drone maker Skydio and cut its outlook, citing three deployments worth around $130 million that are no longer on track to occur this year.Shares fell 10% to $345.50 in after-hours trading on Thursday. The…