Investing.com - Argan (NYSE:AGX) reported on Wednesday first quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Argan announced earnings per share of $0.14 on revenue of $125.57M. Analysts polled by Investing.com anticipated EPS of $0.255 on revenue of $120.85M.
Argan shares are up 2.58% from the beginning of the year and are trading at $43.72 , down-from-52-week-high.They are outperforming the EUR/USD which is down 0% from the start of the year.
Argan shares gained 10.15% in after-hours trade the report.
Argan follows other major Industrials sector earnings this month
Argan's report follows an earnings missed by FedEx on Thursday, March 17, 2022, who reported EPS of $4.59 on revenue of $23.6B, compared to forecasts EPS of $4.65 on revenue of $23.41B.
Cintas had beat expectations on Wednesday, March 23, 2022 with third quarter EPS of $2.69 on revenue of $1.96B, compared to forecast for EPS of $2.44 on revenue of $1.91B.
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