Shimmick Q4 EPS $(0.59) Misses $(0.20) Estimate, Sales $138.00M Miss $158.50M Estimate
Portfolio Pulse from dijoy@benzinga.com
Shimmick (NASDAQ:SHIM) reported Q4 earnings with a loss of $(0.59) per share, significantly missing the $(0.20) estimate. Quarterly sales were $138.00M, also missing the $158.50M estimate.
March 28, 2024 | 11:33 am
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Shimmick reported a significant miss in both EPS and sales for Q4, with losses per share at $(0.59) against an $(0.20) estimate and sales of $138M vs. $158.5M expected.
Missing both EPS and sales estimates significantly indicates operational and possibly market challenges. This typically leads to negative investor sentiment and could result in a short-term price decline.
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