Investing.com - Argan (NYSE:AGX) reported on Wednesday first quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Argan announced earnings per share of $0.5 on revenue of $100.28M. Analysts polled by Investing.com anticipated EPS of $0.52 on revenue of $131.5M.
Argan shares are up 6.46% from the beginning of the year and are trading at $41.19 , 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 Industrials sector earnings this month
Argan's report follows an earnings beat by Deere&Company on Friday, May 20, 2022, who reported EPS of $6.81 on revenue of $13.37B, compared to forecasts EPS of $6.69 on revenue of $13.23B.
Siemens ADR had missed expectations on Thursday, May 12, 2022 with second quarter EPS of $0.6612 on revenue of $17.74B, compared to forecast for EPS of $1.14 on revenue of $18.43B.
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