On June 5, Argan Inc. rose 11.4% overnight, trading at $768.0/share. The surge was driven by the company's fiscal first-quarter earnings report, which delivered results far exceeding Wall Street expectations across all key metrics.

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

Argan, Inc., headquartered in Rockville, Maryland and incorporated in 1961, provides engineering, procurement, construction, commissioning, and maintenance services primarily to the power generation market through its Power Services, Industrial Services, and Telecom Services segments, with approximately 18 gigawatts of power-generating capacity in its project portfolio.

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