Enovix Stock Drops After Q1 Beat as Smartphone Battery Tests Stay Unfinished
Enovix stock tumbled 12.9% to $6.35 in after-hours action Wednesday, according to Google Finance, despite the battery maker turning in first-quarter numbers that topped estimates. Earlier, shares had gained 4.6% to finish the session at $7.29. Investors, though, didn’t get a firm timeline on when Enovix’s smartphone batteries would be cleared for use.
