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Rivian Automotive: Q2 Earnings Snapshot
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IRVINE, Calif. (AP) — IRVINE, Calif. (AP) — Rivian Automotive, Inc. (RIVN) on Thursday reported a loss of $833 million in its second quarter.

On a per-share basis, the Irvine, California-based company said it had a loss of 63 cents. Losses, adjusted for one-time gains and costs, were 47 cents per share.

The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 65 cents per share.

The a manufacturer of motor vehicles and passenger cars posted revenue of $1.66 billion in the period, also surpassing Street forecasts. Three analysts surveyed by Zacks expected $1.59 billion.

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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

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
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