Rivian Automotive: Q2 Earnings Snapshot
IRVINE, Calif. (AP) _ Rivian Automotive, Inc. (RIVN) on Thursday reported a loss of $1.71 billion in its second quarter.
The Irvine, California-based company said it had a loss of $1.89 per share.
The results did not meet Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for a loss of $1.67 per share.
The a manufacturer of motor vehicles and passenger cars posted revenue of $364 million in the period, which topped Street forecasts. Five analysts surveyed by Zacks expected $337.7 million.