On June 5, Argan Inc. rose 15.17% in pre-market trading, trading at $777.08/share, with trading volume of $148,500. The surge was driven by the company's first fiscal quarter earnings report, which significantly exceeded market expectations across all key metrics.

Specifically, Argan reported Q1 earnings per share of $3.24, beating the analyst consensus estimate of $2.33 by 39.06% and representing a 102.5% increase from $1.60 per share in the year-ago period. Revenue for the quarter rose to $291 million from $193.7 million a year earlier, surpassing the consensus estimate of $256 million by approximately 13.7% and reflecting over 32% year-over-year growth. Operating profit for the quarter reached $45.395 million, demonstrating significantly enhanced profitability.

Argan, Inc., incorporated in 1961 and headquartered in Rockville, Maryland, provides engineering, procurement, construction, commissioning, and maintenance services primarily to the power generation market through its Power Services, Industrial Services, and Telecom Services segments.

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