Enovix Sees Q3 Adj. EPS $(0.23)-$(0.17) Vs $(0.23) Est.; Revenue $3.5M-$4.5M Vs $3.693M Est.
Portfolio Pulse from Benzinga Newsdesk
Enovix Corporation has released its Q3 financial guidance, projecting an adjusted EPS between $(0.23) and $(0.17), compared to the estimated $(0.23). The company also expects revenue between $3.5 million and $4.5 million, against an estimate of $3.693 million.
July 31, 2024 | 9:23 pm
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Enovix Corporation has provided its Q3 financial guidance, with adjusted EPS expected between $(0.23) and $(0.17), slightly better than the estimated $(0.23). Revenue is projected to be between $3.5 million and $4.5 million, which is within the range of the $3.693 million estimate.
The guidance indicates that Enovix's adjusted EPS is expected to be slightly better than the estimate, and revenue is projected to be within the estimated range. This positive outlook could lead to a short-term increase in the stock price.
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