Investing.com - Argan (NYSE:AGX) reported on Wednesday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Argan announced earnings per share of $0.36 on revenue of $87.49M. Analysts polled by Investing.com anticipated EPS of $0.05 on revenue of $84.55M.
Argan shares are up 4.33% from the beginning of the year and are trading at $41.88 , 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, August 21, 2020, who reported EPS of $2.57 on revenue of $7.86B, compared to forecasts EPS of $1.27 on revenue of $6.78B.
Heico had beat expectations on Tuesday, August 25, 2020 with third quarter EPS of $0.4 on revenue of $386.41M, compared to forecast for EPS of $0.33 on revenue of $382.92M.
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