Enovix Q3 2023 Adj EPS $(0.19) Beats $(0.23) Estimate, Sales $200.00K Beat $120.00K Estimate
Portfolio Pulse from totan@benzinga.com
Enovix (NASDAQ:ENVX) reported Q3 2023 earnings with losses of $(0.19) per share, beating the analyst consensus estimate of $(0.23) by 17.39%. This is a 26.67% decrease over losses from the same period last year. The company also reported quarterly sales of $200.00 thousand, beating the analyst consensus estimate of $120.00 thousand by 66.67%. This is a 2.40K% increase over sales from the same period last year.
November 07, 2023 | 9:19 pm
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POSITIVE IMPACT
Enovix's Q3 2023 earnings beat analyst estimates with losses per share of $(0.19) and sales of $200.00 thousand. This could potentially lead to a positive market reaction.
Enovix's Q3 2023 earnings beat analyst estimates, which is generally seen as a positive signal by the market. The company's losses per share decreased by 26.67% compared to the same period last year, and sales increased by 2.40K%, both of which could potentially lead to a positive market reaction.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100