Argan, Inc. (AGX) News & EventsAGXArgan, Inc.

Major Indices Bounce Back as ADP Employment Data Falls Short

After three consecutive negative sessions, major indices bounced on Wednesday, helped by modest relief in the Treasury market after softer than expected ADP employment data.  38K monthly print from ADP was a 7-month low, denting  the narrative of a healthy labor market that bolstered expectations of an imminent Fed tightening ahead of Friday's more-heavily considered non-farm payrolls data.  Basic Materials led the benchmark S&P 500 index as precious metal miners rallied.   In tech, software stocks lagged after disappointing results from Palo Alto Networks, though semiconductors and hardware names were generally higher.   Dellwas the best performing stock in the S&P 500 after its strong results overnight.In the opening hour of the evening session index futures are flat.  In commodities, WTI crude oil is still above $90 per barrel, with limited progress seen in resolution of the recent escalation between the U.S. and Iran.   Gold and silver were slightly higher as relief in the Treasury Market hit the greenback - USD/JPY pair backed away from the key 160 level where traders turn more leery of an intervention by Japanese monetary authorities that involves the sale of US government debt.Check out this evening's top movers from around Wall Street, compiled by The Fly.HIGHER AFTER EARNINGS -Tilly'sup 35.5%Snowflakeup 22.5%Netskopeup 13.5%Arganup 8.7%Five Belowup 5.0%DOWN AFTER EARNINGS -Methode Electronicsdown 19.9%NetAppdown 8.2%Phreesiadown 6.7%Hewlett Packard Enterprisedown 4.2%Broadcomdown 0.3%

Company Reports Q2 Revenue of $383.98M, Exceeding Expectations

Reports Q2 revenue $383.98M, consensus $300.61M. "Our Power segment continued to execute extremely well during the second quarter, growing revenue 53% year over year to $301 million at a gross margin of 22%. Following the close of the quarter, we achieved final completion on the remaining project of our Midwest Solar and Battery Projects. In our Industrial segment, construction of our new fabrication facility continues to progress as planned, with expected completion next quarter. The plant will support heightened demand for the fabrication of vessels for data centers. In our Teledata segment, we closed the acquisition of ValCor Communications, a Connecticut-based provider of installation and repair services for information, communication, and data networks. The addition of ValCor increases our geographic presence and expands the segment's client base to defense, aerospace, and technology clients in the region."

Argan Shares Down 10.1%

Argan is down -10.1%, or…