Argan, Inc. (AGX) shares are soaring above 23 percent this Friday following the company's announcement of a substantial rise in revenue for the fourth quarter. The engineering and construction business also enhanced its quarterly dividend by 20 percent, now standing at $0.30 per share.
The quarter's revenue escalated by 38.5 percent, equaling $164.6 million, a significant leap from last year's $118.8 million. While the revenue increased, the profit slightly dipped to $12.02 million or $0.89 per share, a marginal decrease from the previous year's $13.63 million or $1.00 per share.
Currently, AGX's trade value sits at $60.79, having experienced a fluctuation between $37.37 and $61.78 over the past year.
