Investing.com - Argan (NYSE:AGX) reported on Tuesday first quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Argan announced earnings per share of $0.67 on revenue of $126.34M. Analysts polled by Investing.com anticipated EPS of $0.49 on revenue of $137.2M.
Argan shares are up 10.5% from the beginning of the year and are trading at $49.16 , down-from-52-week-high.They are outperforming the EUR/USD which is down 0% from the start of the year.
Argan follows other major Capital Goods sector earnings this month
Argan's report follows an earnings beat by Deere&Company on Friday, May 21, 2021, who reported EPS of $5.68 on revenue of $11B, compared to forecasts EPS of $4.51 on revenue of $10.56B.
Transdigm had beat expectations on Tuesday, May 11, 2021 with second quarter EPS of $2.58 on revenue of $1.19B, compared to forecast for EPS of $2.55 on revenue of $1.17B.
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