Argan, Inc. Earnings Fall In Q4

(RTTNews) - Argan, Inc. (AGX) revealed a profit for fourth quarter that dropped from last year.

The company's earnings totaled $7.02 million, or $0.45 per share. This compares with $20.35 million, or $1.29 per share, in last year's fourth quarter.

Analysts had expected the company to earn $0.73 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 18.0% to $169.58 million from $206.76 million last year.

Argan, Inc. earnings at a glance:

-Earnings (Q4): $7.02 Mln. vs. $20.35 Mln. last year. -EPS (Q4): $0.45 vs. $1.29 last year. -Analysts Estimate: $0.73 -Revenue (Q4): $169.58 Mln vs. $206.76 Mln last year.