Shimmick Corp To Appoint Todd Yoder As CFO
New Executive Appointment: Shimmick Corp. has appointed Todd Yoder as Executive Vice President and Chief Financial Officer, effective April 14, 2025, following his previous role at Shikun & Binui America, Inc.
Interim CFO Transition: Amanda Mobley, who served as interim CFO, has been promoted to Chief Accounting Officer, while Shimmick's stock rose by 1.48% to close at $1.37 on the Nasdaq.
Discover Tomorrow's Bullish Stocks Today
Analyst Views on SHIM
About SHIM
About the author
Wednesday's Underperforming Sectors: Computer Peripherals and Construction Stocks
Market Performance: Construction shares are lagging behind the market, down approximately 2.3% overall.
Leading Declines: Sterling Infrastructure and Shimmick are the primary contributors to this decline, with losses of about 7.5% and 5.6%, respectively.
Sector Laggards: The report also mentions that computer peripherals are among the sectors experiencing declines on the same day.
Author's Perspective: The views expressed in the article are those of the author and do not necessarily represent Nasdaq, Inc.
Shimmick Corporation (SHIM) Reports Q2 Loss, Tops Revenue Estimates
Quarterly Performance: Shimmick Corporation reported a quarterly loss of $0.14 per share, better than the expected loss of $0.16, with revenues of $128.4 million surpassing estimates by 6.03%. The company has exceeded consensus EPS and revenue estimates three times in the last four quarters.
Market Outlook: Despite underperforming the market with a 15.4% decline this year, Shimmick's future stock performance will depend on management's commentary and earnings estimate revisions, currently holding a Zacks Rank #3 (Hold), indicating expected performance in line with the market.
