Weekly Comments – December 11, 2017 – AGX, POWL

AGX  –  Revised outlook on quarter report, price movement.  Last week Argan reported a 33% year-over-year increase in total revenue in the fiscal third quarter ending October 31st.  Unfortunately, profit margins did not hold, leaving net income down 5% at $17.2…

POWL  –  Updated view following quarter report.  Powell Industries reported disappointing revenue in the fiscal fourth quarter ending September 2017, resulting in a deep loss for the quarter.  Quarter sales declined 26.8% year-over-year to $95 million,…

 

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