On June 5, Argan Inc. rose 5.85% in regular trading, trading at $765.68/share, with trading volume of $243 million. The rally was driven by the company's first-quarter earnings report, which delivered results that broadly and significantly exceeded market expectations.

Specifically, Argan reported Q1 earnings per share of $3.24, surpassing the analyst consensus estimate of $2.33 by 39.06% and representing a 102.5% increase from $1.60 per share in the same period a year earlier. Revenue for the quarter ended April 30 rose to $291 million from $193.7 million a year ago, beating the consensus estimate of $256 million by approximately 13.7%. Operating profit for the quarter reached $45.4 million, reflecting a significant improvement in 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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