TASER Reports Wider-Than-Expected Q3 Loss, Adjusted Revenues Jump 17% (TASR)
Thu. October 22, 2009; Posted: 10:52 AM
Oct 22, 2009 (SmarTrend(R) News Watch via COMTEX) --
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PowerRating -- 10/22/2009 - TASER International (NASDAQ:TASR) reported a Q3 net loss of $0.05 per share, worse than consensus estimates for a loss of $0.03. Adjusted revenues for the quarter rose 17% year-over-year to $26.8 million, topping consensus analyst estimates of $20.9 million. CEO Rick Smith said, "I am extremely proud of our team, which was able to turn in one of the strongest sales quarters in our Company's history despite the challenging economic environment." Shares of TASER fell 4% in early Thursday trading.
Write to Chip Brian at cbrian@tradethetrend.com
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