IRVINE, Calif. (AP) — IRVINE, Calif. (AP) — Rivian Automotive, Inc. (RIVN) on Thursday reported a loss of $1.1 billion in its third quarter.
On a per-share basis, the Irvine, California-based company said it had a loss of $1.08. Losses, adjusted for one-time gains and costs, came to $1.03 per share.
The results fell short of Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for a loss of 89 cents per share.
The a manufacturer of motor vehicles and passenger cars posted revenue of $874 million in the period, also missing Street forecasts. Seven analysts surveyed by Zacks expected $970.7 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
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