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Why Axon Enterprise Stock Is Plummeting This Week

TheMotleyFool

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Why Axon Enterprise Stock Is Plummeting This WeekPhoto, wide shot, wide-angle lens, Heavy machinery, Blue hour, twilight, cool, ISO1200, slow shutter speed, photo by Edward Burtynsky: https://img.midjourneyapi.xyz/temp/c15253b0-7330-4605-a666-66954eaf6715.png

Shares of leading public safety technology company Axon Enterprise (NASDAQ: AXON) are down 18% as of 1 p.m. ET on Thursday, according to data provided by S&P Global Market Intelligence.

Axon reported solid third-quarter earnings on Tuesday, but adjusted earnings per share fell short of Wall Street's expectations, so the stock slid this week.

Regardless of the market's reaction, Axon delivered sales growth of 31%, marking its seventh consecutive quarter of an increase above 30%.

Source Fool.com