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DAILY EARNINGS

Argan Net Surges; Bank of The Ozarks Net Soars 73%


Author: Mukesh Buch
ticker.com
Last Update: 3:49 AM ET April 11 2017

12:00 PM New York Argan fourth-quarter net jumped 202% to $20.4 million and revenues surged 78%. Bank of The Ozarks first-quarter net soared 73% to $89 million and net interest income jumped 70% from a year ago to $191 million.

Tollbooth Index slumped 85.62 or 0.7% to 11,515.82.

Earnings Review

Argan, Inc (AGX), the engineering construction services provider reported revenues in the fourth-quarter ending in January surged 78% from a year ago to $206.8 million.

Net income in the quarter jumped 202% to $20.4 million or $1.29 per diluted share from $6.7 million or 45 cents in the same quarter last year.

Bank of The Ozarks Inc (OZRK), the banking and financial services provider said net interest income in the first-quarter ending in March jumped 69.5% from a year ago to $190.8 million.

Net income in the quarter soared 72.6% to $89.2 million or 73 cents per diluted share from $51.7 million or 57 cents in the same quarter last year.

As of March 31, the bank said deposits jumped 63.2% to $15.7 billion and total loans and leases surged 59.6% to $14.8 billion and total assets soared 67.7% to $19.2 billion from a year ago period.
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Sources: Data collected by 123jump.com and Ticker.com from company press releases, filings and corporate websites. Market data: BATS Exchange. Inc