Axon Enterprise ($AXON) reported its Q3 2024 earnings after market close, revealing a revenue of $544.27 million, surpassing analysts' expectations of $525.06 million. The company also reported earnings per share (EPS) of $1.45, exceeding the forecast of $1.20. This marks a significant year-over-year revenue increase of 32%. Following the earnings announcement, Axon raised its outlook, contributing to a pre-market stock surge of 14.8%. The stock, which has seen substantial growth over the past decade, is now trading at approximately $620, reflecting a $125 increase in a single day. Axon currently holds a market capitalization of $45 billion and trades at 22 times its sales.