NEW YORK (TheStreet) -- Taser International (TASR) shares are down 4.7% to $26.76 in morning trading on Friday after the company beat analysts' second quarter earnings and revenue forecasts but provided weak current quarter guidance.

The non-lethal law enforcement weapons manufacturer reported earnings of $6.1 million, or 11 cents per diluted share on revenue of $46.7 million.

The company topped its year ago totals of earnings of 7 cents per share on revenue of $37.2 million, and beat analysts' consensus estimates of 8 cents per share on revenue of $44. million.

However, in a conference call Thursday, the company said that it expects third quarter results to "come in close" to second quarter totals.

Analysts are expecting the company to report earnings of 12 cents per share on revenue of $50.2 million. 

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 some important positives, 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 is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value."

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