Category: Shimmick
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Shimmick shares plunge 31% as Q2 results disappoint By Investing.com
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NEW YORK — Shares of Chemec Corporation (NASDAQ:CHEM) plunged 31% Friday after the water infrastructure company reported disappointing second-quarter results and gave weak guidance. Chemec reported a second-quarter adjusted loss of $1.60 per share, well above analysts’ expectations of $0.12 per share. Revenue was $91 million, well below the consensus…