05:18 PM EDT, 05/13/2024 (MT Newswires) -- Shimmick ( SHIM ) reported a Q1 adjusted loss late Monday of $1.15 per diluted share, wider than the loss of $0.24 a year earlier.

One analyst surveyed by Capital IQ expected a loss of $0.33.

Revenue for the quarter ended March 29 was $120 million, down from $164 million a year earlier.

Two analysts surveyed by Capital IQ expected $125.9 million.

Shimmick ( SHIM ) shares fell more than 20% in after-hours trading.

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