Taser International (TASR) Stock Surges on Third-Quarter Earnings Beat

NEW YORK (TheStreet) -- Shares ofaTaser Internationala surged 10.74% to $18.24 in morning trading Thursday after the self-defense products maker reported third-quarter earningsathat beat analysts' expectations. Taser reported net income ofa$7.6 million, or 14 centsaper diluted share, up from $5.1 million, or 10 cents per diluted share, in the same period one year earlier. Revenue totaleda$44.3 million in the third quarter, a 26% year-over-year increase from $35.2 million. The consensus estimate called foraearnings of 10 cents a share on revenue of $39.6 million. Must Read: Warren Buffett's 25 Favorite Stocks STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more. Taser attributed the revenue increase primarily toatotal law enforcement weapon handle sales, which rose $6.9 million year-over-year. International sales increased to $6.7 million, a $3 million increase from the year-ago quarter. Separately, TheStreet Ratings team rates TASER INTERNATIONAL INC as a "buy" with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation: "We rate TASER INTERNATIONAL INC (TASR) a BUY. This is driven by multiple strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself." You can view the full analysis from the report here: TASR Ratings Report TASR data by YCharts STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

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