Shimmick Q2 2024 Adj. EPS $(1.60) Misses $(0.28) Estimate, Sales $90.605M Miss $124.150M Estimate
Portfolio Pulse from Benzinga Newsdesk
Shimmick (NASDAQ:SHIM) reported a significant miss in its Q2 2024 earnings and sales. The company posted an adjusted EPS of $(1.60), far below the analyst estimate of $(0.28). Sales were $90.605 million, missing the $124.150 million estimate and down 41.62% from the same period last year.
August 15, 2024 | 8:18 pm
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Shimmick reported a significant miss in its Q2 2024 earnings and sales. The adjusted EPS was $(1.60), missing the $(0.28) estimate by 471.43%. Sales were $90.605 million, missing the $124.150 million estimate and down 41.62% YoY.
The significant miss in both EPS and sales, along with a substantial year-over-year decline in sales, is likely to negatively impact Shimmick's stock price in the short term.
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