Enovix Expects Higher Third-Quarter Revenue as Defense Business Scales
Enovix shares rose 14% to $2.80 in premarket trading Monday. The company’s quarterly loss is also expected to be less steep than analysts feared.
Enovix shares rose after the company said its latest-quarter loss is expected to be narrower than analysts feared and revenue is projected to exceed expectations. 80 in premarket trading Monday. Shares had fallen more… through Friday’s close.