Axon Stock Plunges as Q3 Earnings Fall Short

Axon Enterprise (NASDAQ: AXON) experienced a significant stock drop, falling approximately 20% after its third-quarter earnings missed analyst profit expectations. The company cited tariff-related cost pressures as a primary factor behind the disappointing results. Despite exceeding revenue estimates with $710.6 million in sales, Axon’s adjusted earnings per share fell short of forecasts at $1.17 per share, reflecting a 24.1% miss.