Why Axon Shares Jumped 15% Today

Shares of Axon Enterprise (NASDAQ: AXON) jumped as much as 15.8% in morning trading on Wednesday after the law enforcement equipment company reported second-quarter results. Axon's revenue jumped 31% in the quarter to $285.6 million, and adjusted earnings were $0.44 per share. Adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) are now forecast to be $190 million to $200 million.