Taser (TASR) Stock Falls on Earnings Miss

Taser (TASR) stock is down in early morning trading on Tuesday, as the company's 2015 third quarter earnings fell short of analysts' expectations.
By Rachel Graf ,

NEW YORK (TheStreet) -- Taser (TASR) stock is declining by 5.74% to $22.51 in early morning trading on Tuesday, after the company reported its 2015 third quarter financial results. 

The conducted electrical weapons company posted earnings of 3 cents per share for the most recent quarter, down from 14 cents per share for the year ago period. 

Revenue increased year over year to $50.38 million from $44.35 million for the 2014 third quarter. 

Analysts had forecast for earnings of 8 cents per share on revenue of $47.21 million.

"Our team delivered once-again, outstanding top-line revenue and Axon bookings growth in the third quarter surpassing even internal expectations," CEO Rick Smith said in a statement.

Separately, TheStreet Ratings team rates TASER INTERNATIONAL INC as a Buy with a ratings score of B-. TheStreet Ratings Team has this to say about their recommendation:

We rate TASER INTERNATIONAL INC (TASR) a BUY. This is driven by a few notable strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, impressive record of earnings per share growth, compelling growth in net income and expanding profit margins. We feel its strengths outweigh the fact that the company shows weak operating cash flow.

You can view the full analysis from the report here: TASR

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