logo
Argan: Fiscal Q1 Earnings Snapshot

Argan: Fiscal Q1 Earnings Snapshot

Yahoo2 days ago

ROCKVILLE, Md. (AP) — ROCKVILLE, Md. (AP) — Argan Inc. (AGX) on Wednesday reported fiscal first-quarter earnings of $22.6 million.
The Rockville, Maryland-based company said it had profit of $1.60 per share.
The builder of energy plants posted revenue of $193.7 million in the period.
Argan shares have climbed 58% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $216.60, more than tripling in the last 12 months.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AGX at https://www.zacks.com/ap/AGX

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

U.S. hiring likely slowed to 130,000 new jobs last month amid uncertainty over Trump's policies
U.S. hiring likely slowed to 130,000 new jobs last month amid uncertainty over Trump's policies

The Hill

timean hour ago

  • The Hill

U.S. hiring likely slowed to 130,000 new jobs last month amid uncertainty over Trump's policies

WASHINGTON (AP) — The American job market likely continued to slow last month, hobbled by worries over President Donald Trump's trade wars, deportations and purges of the federal workforce. The Labor Department's numbers on May hiring Friday are expected to show that businesses, government agencies and nonprofits added 130,000 jobs last month. That would be down from 177,000 in April but enough to stay ahead of people entering the workforce and keep the unemployment rate at a low 4.2%, according to a survey of forecasters by the data firm FactSet. Mainstream economists expect Trump's policies to take a toll on America's economy, the world's largest. His massive taxes on imports — tariffs — are expected to raise costs for U.S. companies that buy raw materials, equipment and components from overseas and force them to cut back hiring or even lay off workers. Billionaire Elon Musk's Department of Government Efficiency (DOGE) has slashed federal workers and cancelled government contracts. Trump's crackdown on illegal immigration is expected to make it harder for businesses to find enough workers. For the most part, though, any damage has yet to show up in the government's economic data. The U.S. economy and job market have proven surprisingly resilient in recent years. When the inflation fighters at the Federal Reserve raised their benchmark interest rate 11 times in 2022 and 2023, the higher borrowing costs were widely expected to tip the United States into a recession. Instead, the economy kept growing and employers kept hiring. But former Fed economist Claudia Sahm warns that the job market of 2025 isn't nearly as durable as the two or three years ago when immigrants were pouring into the U.S. job market and employers were posting record job openings. 'Any signs of weakness in the data this week would stoke fears of a recession again,' Sahm, now chief economist at New Century Advisors, wrote in a Substack post this week. 'It's too soon to see the full effects of tariffs, DOGE, or other policies on the labor market; softening now would suggest less resilience to those later effects, raising the odds of a recession.'' Recent economic reports have sent mixed signals. The Labor Department reported Tuesday that U.S. job openings rose unexpectedly to 7.4 million in April — seemingly a good sign. But the same report showed that layoffs ticked up and the number of Americans quitting their jobs fell, a sign they were less confident they could find something better elsewhere. Surveys by the Institute for Supply Management, a trade group of purchasing managers, found that both American manufacturing and services businesses were contracting last month. And the number of Americans applying for unemployment benefits rose last week to the highest level in eight months. Jobless claims — a proxy for layoffs — still remain low by historical standards, suggesting that employers are reluctant to cut staff despite uncertainty over Trump's policies. They likely remember how hard it was to bring people back from the massive but short-lived layoffs of the 2020 COVID-19 recession as the U.S. economy bounced back with unexpected strength. Still, the job market has clearly decelerated. So far this year, American employers have added an average 144,000 jobs a month. That is down from 168,000 last year, 216,000 in 2023, 380,000 in 2022 and a record 603,000 in 2021 in the rebound from COVID-19 layoffs. Trump's tariffs — and the erratic way he rolls them out, suspends them and conjures up new ones — have already buffeted the economy. America's gross domestic product — the nation's output of goods and services — fell at a 0.2% annual pace from January through March this year. A surge of imports shaved 5 percentage points off growth during the first quarter as companies rushed to bring in foreign products ahead of Trump's tariffs. Imports plunged by a record 16% in April as Trump's levies took effect. The drop in foreign goods could mean fewer jobs at the warehouses that store them and the trucking companies that haul them around, wrote Michael Madowitz, an economist at the left-leaning Roosevelt Institute.

Pret A Manger ‘considering stake sale ahead of possible flotation'
Pret A Manger ‘considering stake sale ahead of possible flotation'

Yahoo

timean hour ago

  • Yahoo

Pret A Manger ‘considering stake sale ahead of possible flotation'

The owner of Pret A Manger is reportedly considering selling a stake in the sandwich chain ahead of a potential stock market flotation. Luxembourg-based JAB Holding – which bought Pret for £1.5 billion in 2018 – told the Financial Times that while it was not 'currently' considering a stake sale in Pret, it could look at the move with an initial public offering (IPO) in its sights. 'As we move closer to a potential IPO, we may evaluate bringing on a pre-IPO investor,' it told the FT. It is thought to mark the first time Pret has publicly confirmed IPO plans for Pret. JAB – which also owns Krispy Kreme and Keurig Dr Pepper – announced last month it had hired hospitality industry stalwart Jose Cil as chairman of Pret's board. Mr Cil was most recently chief executive of Burger King owner Restaurant Brands International, which also owns chains including Popeyes. JAB has been contacted for comment. Pret recently announced it was dropping plans for a doubling of its current £5 monthly subscription for up to five coffees a day as it looks to retain customers against a difficult consumer spending backdrop. The group had previously told subscribers that their subscription would increase to £10 a month from March 31, when a '50% off' deal ended. It followed Pret overhauling its £360-a-year subscription in July last year in favour of 50% off up to five coffees a day for £10 a month. The chain also removed a 20% discount on food for subscribers to end dual pricing – 'something we never really got comfortable with', it said at the time. Under the old deal that lasted for almost four years, Club Pret membership offered up to five barista-made drinks daily for a monthly fee of £30. Pret is headed up by chief executive Pano Christou, who was promoted to the top job in 2019. The firm opened its first shop in London in 1986, where the company remains headquartered. It now has 700 shops worldwide with around 12,500 employees across 21 markets. Erreur lors de la récupération des données Connectez-vous pour accéder à votre portefeuille Erreur lors de la récupération des données Erreur lors de la récupération des données Erreur lors de la récupération des données Erreur lors de la récupération des données

Japan's ispace fails second lunar landing mission
Japan's ispace fails second lunar landing mission

Yahoo

timean hour ago

  • Yahoo

Japan's ispace fails second lunar landing mission

Japan'sprivate moon mission was aborted on Friday after it was presumed that the unmanned Resilience spacecraft had crashed. Tokyo-based startup ispace had launched the mission in hopes of becoming the first private company outside the United States to achieve a controlled lunar landing. The Resilience spacecraft had begun its final descent, successfully firing its main engine "as planned to begin deceleration," ispace said. Mission control reported that the craft's position was "nearly vertical," but contact was then lost. ispace stated that the spacecraft had likely failed to decelerate sufficiently to reach the speed required for a soft lunar landing. "Based on the currently available data... it is currently assumed that the lander likely performed a hard landing. It is unlikely that communication with the lander will be restored, so it has been decided to conclude the mission," ispace said in a statement. As of 8:00 a.m. on June 6, 2025, mission controllers have determined that it is unlikely that communication with the lander will be restored and therefore completing Success 9 is not achievable. It has been decided to conclude the mission.'Given that there is currently no… — ispace (@ispace_inc) June 6, 2025 Before signing off, the livestream announcers said, "never quit the lunar quest." Less than two minutes before the scheduled landing, the once-celebratory gathering of 500 ispace employees, shareholders, sponsors, and government officials fell into stunned silence as contact with the spacecraft was lost. "Expectations for ispace will not waver," Japanese Prime Minister Shigeru Ishiba posted on X. ispaceによる月面着陸は、残念ながら成功には至りませんが、この挑戦が持つ価値は一時的にできるものではありません。 ispaceに対する期待が揺らぐことはありません。そのためにも、すぐに課題を検証し、次なる飛躍につなげていただきたいと願っています。 — 石破茂 (@shigeruishiba) June 6, 2025 Two years ago, another lunar missionby the company had also ended in a crash. CEO Takeshi Hakamada told reporters he took the second failed attempt "seriously" and intended to use the outcome to inform future missions. He said they had a "strong will to move on, although we have to carefully analyze what happened." Resilience carried a four-wheeled rover built by ispace's Luxembourg subsidiary, along with five external payloads valued at a total of $16 million. The planned landing site was Mare Frigoris, a plain about 900 km (560 miles) from the moon's north pole. Lunar landings remain challenging due to the moon's rugged terrain. To date, only five nations have successfully achieved soft lunar landings: Russia, US, China, India and Japan. Private companies have recently entered the race to the moon, and ispace would have been the third such company to achieve it. The mission wanted to collect two lunar soil samples and sell them to NASA for $5,000 (€4373). In January, Resilience shared a SpaceX rocket launch with Firefly's Blue Ghost lander, which touched down successfully in March. A moon landing attempt by US-based company Intuitive Machines failed in March this year. Edited by: Louis Oelofse

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store