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Add as a preferred source on GoogleEnovix Expects $11 Million in Preliminary Q3 Revenue as Shares Jump
The estimate is 38% above the year-earlier figure, exceeds prior guidance of $9 million to $10 million and tops a $9.49 million consensus forecast.
Enovix (ENVX) expects preliminary third-quarter revenue of $11 million, exceeding its prior guidance and a $9.49 million consensus forecast.
The estimate would represent a 38% increase from the same quarter a year earlier and surpass the company’s previous revenue outlook of $9 million to $10 million.
Enovix shares rose more than 13% in premarket trading Monday. The third-quarter revenue estimate remains preliminary and unaudited.
John Kim
John Kim reports on the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.