Taser International Inc. (TASR) Stock Sinks
Taser International Inc. shares sank Tuesday, a day after the stun gun maker reported a larger second-quarter profit than Wall Street expected.
Taser swung to a profit for the quarter, earning 6 cents per share on $25.9 million in sales.
Analysts polled by Thomson Financial expected the Scottsdale, Ariz., company to report 4 cents per share in profit.
The stock fell 3.4 percent Monday, and was down $1.28, or 7.7 percent, at $15.28 Tuesday afternoon. Trading was nearly three times busier than normal.
Taser swung to a profit for the quarter, earning 6 cents per share on $25.9 million in sales.
Analysts polled by Thomson Financial expected the Scottsdale, Ariz., company to report 4 cents per share in profit.
The stock fell 3.4 percent Monday, and was down $1.28, or 7.7 percent, at $15.28 Tuesday afternoon. Trading was nearly three times busier than normal.
Labels: TASER International Inc., TASR
posted by Stock Administrator @ 4:39 PM
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