Investing.com - Argan (NYSE:AGX) reported on Tuesday first quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Argan announced earnings per share of $-0.46 on revenue of $67.99M. Analysts polled by Investing.com anticipated EPS of $-0.02 on revenue of $86.45M. That with comparison to EPS of $-0.14 on revenue of $87.66M in the same period a year before.Argan had reported EPS of $-0.44 on revenue of $58.41M in the previous quarter.Analysts are expecting EPS of $0.16 and revenue of $91.2M in the upcoming quarter.
Argan shares are down 8.1% from the beginning of the year and are trading at $36.89 , down-from-52-week-high.They are under-performing the EUR/USD which is down 0% year to date.
Argan follows other major Capital Goods sector earnings this month
Argan's report follows an earnings beat by L3Harris Technologies on Tuesday, February 4, 2020, who reported EPS of $2.44 on revenue of $1.87B, compared to forecasts EPS of $2.28 on revenue of $1.81B.
Fastenal had beat expectations on Tuesday with first quarter EPS of $0.35 on revenue of $1.37B, compared to forecast for EPS of $0.34 on revenue of $1.36B.
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