Axon Enterprise’s (NASDAQ:AXON) shares rose 5.7% in extended trading Wednesday after the maker of Tasers and other security equipment reported better-than-expected first-quarter results and provided improved guidance.

The S&P 500 added 0.6% on Thursday, May 8, after the U.S. struck a trade agreement with the U.K. Axon Enterprise shares surged after the maker of law enforcement and military equipment topped quarterly estimates, citing strong software demand.

Axon Enterprise, Inc. AXON reported first-quarter 2025 adjusted earnings of $1.41 per share, which surpassed the Zacks Consensus Estimate of $1.27. The bottom line surged 22.6% year over year despite a significant rise in the cost of sales.