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Argan: Fiscal 4Q Earnings Snapshot

ROCKVILLE, Md. (AP) _ Argan Inc. (AGX) on Wednesday reported fiscal fourth-quarter net income of $7 million.

On a per-share basis, the Rockville, Maryland-based company said it had net income of 45 cents. Earnings, adjusted for asset impairment costs, were 49 cents per share.

The builder of energy plants posted revenue of $169.6 million in the period.

For the year, the company reported profit of $72 million, or $4.56 per share. Revenue was reported as $892.8 million.

Argan shares have decreased almost 5 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $42.90, a drop of 39 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AGX at https://www.zacks.com/ap/AGX