Argan Q1 EPS $0.58 Beats $0.52 Estimate, Sales $157.68M Beat $134.75M Estimate
Portfolio Pulse from Benzinga Newsdesk
Argan (NYSE:AGX) reported strong Q1 earnings, with EPS of $0.58 beating estimates by 11.54% and sales of $157.68M surpassing expectations by 17.02%. This marks a significant year-over-year increase in both earnings and sales.
June 06, 2024 | 8:18 pm
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Argan (NYSE:AGX) reported Q1 EPS of $0.58, beating the $0.52 estimate by 11.54%, and sales of $157.68M, surpassing the $134.75M estimate by 17.02%. This represents a significant year-over-year increase in both earnings and sales.
The strong earnings and sales performance, significantly beating analyst estimates and showing substantial year-over-year growth, is likely to positively impact AGX's stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100