Enovix Corp (NASDAQ:ENVX) shares are falling in extended trading on Wednesday after the company reported third-quarter results and issued weak guidance for the coming quarter.

ENVX is among today’s weakest performers. Check the analyst take here.

Highlights From The Report: Enovix beat analyst estimates on the top and bottom lines in the third quarter, posting revenue of $7.99 million versus estimates of $7.93 million, and an adjusted loss of 14 cents per share versus estimates for a loss of 16 cents per share.

Total revenue was up 85% year-over-year, driven primarily by ongoing strength in Korea, including defense ...

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