How did SHIM's Q3 2024 earnings surprise investors?

Shimmick Corporation (SHIM) experienced a significant earnings surprise in Q3 2024, with a reported EPS surprise of $0.38, compared to analysts' expectations of ($0.36) per share. This positive surprise indicates that the company's actual performance exceeded market expectations, likely due to factors such as operational efficiency improvements, cost control, or strategic initiatives. Investors may react positively to this news, as it suggests that the company's financial performance could be better than anticipated. |code|Ticker|Name|Date|Estimate EPS|Estimate Revenue|market_code| |---|---|---|---|---|---|---| |SHIM|SHIM.O|Shimmick|2023 Q4|-0.21|1.585E8|186| |SHIM|SHIM.O|Shimmick|2024 Q1|-0.33|1.259E8|186| |SHIM|SHIM.O|Shimmick|2024 Q2|0.12|1.7565E8|186| |SHIM|SHIM.O|Shimmick|2024 Q3|0.34|1.9445E8|186|