What's Going On With Enovix Stock Today?

Enovix Corporation (NASDAQ:ENVX) shares are trading higher Wednesday following the company's better-than-expected third-quarter results. Enovix also announced a new development agreement with a leading smartphone OEM. Here’s what you need to know.

The Details: For the third quarter, Enovix reported revenue of $4.32 million, above estimates of $4.11 million. The company posted a loss of 17 cents per share, beating the estimated loss of 20 cents per share, according to Benzinga Pro.

Enovix CEO Raj Talluri highlighted the company’s progress, noting that Fab2 is now operational and shipping customer samples. The ...