Rivian Automotive: Q2 Earnings Snapshot

August 11, 2022 GMT

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.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on RIVN at https://www.zacks.com/ap/RIVN