12:44 PM EDT, 08/07/2024 (MT Newswires) -- (Updates to add stock price in headline and first paragraph.)

Axon Enterprise ( AXON ) shares rose by more than 20% in recent trading on Wednesday, a day after the company reported Q2 results and raised its full-year revenue outlook.

The technology and weapons company on Tuesday reported Q2 non-GAAP earnings of $1.20 per share, up from $1.10 a year earlier.

Analysts surveyed by Capital IQ expected $0.98.

Net sales for the quarter ended June 30 were $504.1 million, up from $374.6 million.

Analysts polled by Capital IQ expected $478.4 million.

Axon raised its full-year revenue guidance to a range of $2.00 billion to $2.05 billion from $1.94 billion to $1.99 billion previously.

Analysts surveyed by Capital IQ expect $1.98 billion.

Price: 351.98, Change: +56.98, Percent Change: +19.32