Argan Inc, reported a fourth-quarter loss Thursday, overturning a profit from a year prior. Argan Inc trades on the “American Stock Exchange” under the stock symbol “AGX”. For More information “AGX” as well as the Latest Stock Market Information, make sure to visit the Most Exclusive and In Depth newsletter website at: http://www.wallstreetgrand.com/.
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Argan Inc, (AMEX:AGX) energy plant designer and builder reported a fourth-quarter loss Thursday, overturning a profit from a year prior. Shares fell dramatically, dropping 63 cents, or nearly 5 percent, to $12.10 at midday. The company reported a loss of $576,000, or 4 cents per share, for the quarter that ended Jan. 31. The company earned $5 million, or 37 cents per share, in the year-ago quarter
About Argan Inc:
Argan, Inc., through its subsidiaries, provides engineering, procurement, and construction services. Its Power Industry Services segment provides development, consulting, engineering, procurement, construction, commissioning, operating, and maintenance services to the energy market serving public utilities, independent power project owners, municipalities, public institutions, and the private industry. The company’s Telecommunications Infrastructure Services segment offers telecommunications infrastructure services, such as structuring, cabling, terminations, and connectivity that provide physical transport for high-speed data, voice, video, and security networks. It offers inside plant and premises wiring services, including AutoCAD design; cable installation; equipment room, and telecom closet design and build-out; data rack and cabinet installation; raceway design and installation; and cable identification, testing, labeling, and documentation services primarily to federal government facilities. This segment also provides trench less directional boring and underground services; aerial cabling services; and the installation of buried cable and wire communication, and electric lines primarily to regional communications service providers, electric utilities, and other commercial customers. Its Nutritional Products segment provides research, development, and contract manufacturing of nutritional supplements, vitamins, and whole-food dietary supplements. The company sells its products to brand merchandisers; network marketers; and catalog, Internet, and infomercial distributors, who market its products directly to consumers, distributor networks, or through vitamin/health food stores, pharmacies, mass merchandisers, and major retailers. The company was formerly known as Puroflow Incorporated and changed its name to Argan, Inc
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