Axon Shares Fall 17% After Earnings Miss and Outlook Cut
Axon reported weaker-than-expected third-quarter earnings and lowered its annual revenue outlook, citing delays in federal drone contracts. Shares fell 17% to $317.38 Friday.
By Ty RoushAxon Enterprise shares plunged Friday after the Taser maker reported weaker-than-expected third-quarter earnings and lowered its annual revenue outlook. Delays in federal drone contracts were largely to blame.Axon stock plunged 17% to $317.38, putting it on pace for its largest daily per…