IRVINE, Calif. (AP) — IRVINE, Calif. (AP) — Rivian Automotive, Inc. (RIVN) on Tuesday reported a loss of $1.37 billion in its third quarter.
The Irvine, California-based company said it had a loss of $1.44 per share. Losses, adjusted for one-time gains and costs, came to $1.19 per share.
The results surpassed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for a loss of $1.36 per share.
The a manufacturer of motor vehicles and passenger cars posted revenue of $1.34 billion in the period, which did not meet Street forecasts. Three analysts surveyed by Zacks expected $1.36 billion.
_____
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
Copyright © 2024 The Associated Press. All rights reserved. This material may not be published, broadcast, written or redistributed.
