Argan shares surge following impressive fourth-quarter FY24 results, with sales soaring 38.5% year-on-year to $164.55 million, surpassing expectations. The company reports an 18% increase in gross profit to $23.6 million.
Shares of Argan, Inc. (AGX) are surging more than 23 percent Friday morning after reporting robust growth in revenue in the fourth quarter. The engineering and construction company also increased its quarterly dividend by 20 percent to $0.
Argan (NYSE:AGX – Get Free Report) issued its earnings results on Thursday. The construction company reported $0.89 earnings per share for the quarter, beating analysts’ consensus estimates of $0.75 by $0.14, Briefing.com reports. The business had revenue of $164.55 million during the quarter, compared to analyst estimates of $162.05 million. Argan had a return on […]