Argan Q4 EPS $0.89 Beats $0.75 Estimate, Sales $164.55M Beat $161.60M Estimate
Portfolio Pulse from Benzinga Newsdesk
Argan (NYSE:AGX) reported Q4 earnings of $0.89 per share, surpassing the $0.75 estimate, and sales of $164.55M, exceeding the $161.60M estimate. This represents an 11% decrease in earnings per share but a 38.54% increase in sales compared to the same period last year.
April 11, 2024 | 8:07 pm
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Argan reported higher than expected Q4 earnings and sales, with an EPS of $0.89 beating estimates and sales of $164.55M also surpassing expectations.
The positive earnings and sales beat indicate strong financial performance and operational efficiency, likely leading to increased investor confidence and potential stock price appreciation in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100