On September 2, Argan surged 13.3% in after-hours trading, reaching $462.0 per share with turnover of $1.9973 million, sharply reversing the 4.76% intraday decline that saw the stock close at $404.75.

The move was driven by the company's fiscal Q2 earnings release after market close. Heading into the report, consensus estimates projected quarterly revenue of approximately $301 million, representing 26.45% year-over-year growth, and adjusted earnings per share of $2.64, a 61.10% increase. The sharp after-hours rally suggests results likely exceeded these expectations, consistent with the company's recent track record of significant earnings beats. In Q1, Argan posted EPS of $3.24 versus the $2.31 consensus, a 39% beat, while revenue of $291 million topped the $256 million estimate. Q4 saw an even wider margin, with EPS of $3.47 crushing the $1.96 estimate by 77%.

Additionally, Argan earlier expanded its share buyback program and maintained a $0.50 quarterly dividend, reflecting management confidence in cash flow sustainability. Institutional sentiment ahead of the report was predominantly bullish.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)