Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnAISquareMore
US Stocks Movement | Argan surges 13% pre-market as Q1 revenue hits 291 million USD, beating expectations; all three business segments see growth

US Stocks Movement | Argan surges 13% pre-market as Q1 revenue hits 291 million USD, beating expectations; all three business segments see growth

格隆汇格隆汇2026/06/05 09:20
Show original
Glonghui June 5th|Argan (AGX.US) surged more than 13% in pre-market trading to $779.88. According to reports, Argan delivered a comprehensive performance that far exceeded expectations in the first quarter of fiscal 2027—with revenue of $291 million (+50%), EPS of $3.24 (43% above expectations), gross margin increased to 21%, and adjusted EBITDA soared by 79%. The core driving force is the explosive growth in energy infrastructure demand brought by the AI data center construction boom, with all three major business segments performing strongly. $2.8 billion in outstanding orders and nearly $1 billion in cash reserves provide a solid foundation for the company's continued growth.
0
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.
Trade now!

You may also like

Competition in US oral weight-loss drugs intensifies! Eli Lilly (LLY.US) Foundayo captures 30% of new patients, narrowing Novo Nordisk's (NVO.US) first-mover advantage

Eli Lilly stated on Monday that its oral weight-loss drug, Foundayo, has captured over 30% of the market share among new patients in the US oral obesity treatment market, narrowing the early lead achieved by Danish competitor Novo Nordisk with its Wegovy oral tablets.

智通财经2026/09/15 03:21
Competition in US oral weight-loss drugs intensifies! Eli Lilly (LLY.US) Foundayo captures 30% of new patients, narrowing Novo Nordisk's (NVO.US) first-mover advantage