USA – TASER International – TASER profits jump 39% (2013-10-30)

Published on October 30 2013 by admin

[[ SUMMARY / COMMENTS : TASR shares climb to $17.51 as sales of tasers ($31.6 million in the last quarter) and wearable cameras and electronic storage for digital evidence increase.]]

NBC News / Associated Press

NEWS: Taser International Inc.’s third-quarter profit and revenue beat analyst estimates as police departments upgraded to a new line of stun-guns. Sales also rose for its wearable cameras. Its shares briefly rose to their highest level in almost nine years.

DETAILS: Sales of its Taser stun guns rose almost 17 percent to $31.6 million. Those guns still make up the bulk of the company’s revenue. But it also saw growing sales of its video cameras and electronic storage for digital evidence. Revenue from that category more than doubled to $3.6 million.

NUMBERS: Net income rose 39 percent to $5.1 million, or 10 cents per share, from $3.7 million, or 7 cents per share, a year earlier. Revenue rose 22 percent to $35.2 million, from $28.8 million a year earlier. Analysts surveyed by FactSet had been expecting a profit of 8 cents per share.

FUTURE: The company said it expects continued strong growth of the wearable video cameras and its Evidence.com computer storage service.

STOCK: Up $1.85, or 11.8 percent, to $17.51 in midday trading after rising as high as $18.32 earlier in the day, FactSet said that was its highest since January 2005.

http://www.nbcnews.com/id/53415116/ns/business-us_business/

 

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