Bill Peters is a Los Angeles-based MarketWatch reporter who covers earnings.
Shares of Enovix Corp.
rallied after hours on Tuesday after the lithium-ion battery maker forecast fourth-quarter sales that were far above expectations, helped by an acquisition and demand from the U.S. Army. The company — whose products are used by makers of smartphones and other electronic devices, along with medical equipment and power tools — said it expected fourth-quarter sales of between $3 million and $4 million, compared with FactSet forecasts for $500,000.
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