Shimmick Corp Q3 2023 Adj. EPS $1.67 Up From $0.99 YoY, Revenue $175.488M Down From $184.367M YoY
Portfolio Pulse from Benzinga Newsdesk
Shimmick Corp reported an increase in adjusted EPS to $1.67 in Q3 2023 from $0.99 in the same quarter last year. However, revenue decreased to $175.488M from $184.367M year-over-year.
December 19, 2023 | 9:11 pm
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NEUTRAL IMPACT
Shimmick Corp's Q3 2023 financial results showed a significant increase in adjusted EPS, indicating improved profitability, but a decrease in revenue which may concern investors.
The increase in adjusted EPS is a positive sign of Shimmick Corp's profitability and may lead to a positive investor sentiment. However, the decline in revenue could offset some of the positive impact as it may raise concerns about the company's growth trajectory. The net effect on the stock price could be neutral in the short term as investors weigh the mixed results.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100