AGX - Why Is Engineering Company Argan Stock Jumping Today? | Benzinga
Shares of Argan Inc (NYSE:AGX) shares are trading higher after the company reported a fourth-quarter FY24 sales growth of 38.5% year-on-year to $164.55 million, beating the analyst consensus estimate of $161.6 million.
Gross profit for the quarter increased 18% to $23.6 million and the profit margin contracted by 250 basis points to 14.4%.
Selling, general and administrative expenses increased by 13.3% to $11.9 million. The operating income for ...