Tuesday, March 5, 2024
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Rivian Stock Upshifts On Strong Q3 Earnings: EPS Beat, Revenue Beat, Increased Production Guidance And More

Rivian Automotive Inc (NASDAQ: RIVN) reported third-quarter financial results Tuesday after the close. Here's a look at the key metrics from the quarter

Rivian Q3 Earnings: Rivian reported third-quarter revenue of $1.337 billion, which beat the consensus estimate of $1.327 billion, according to Benzinga Pro. The company reported a quarterly loss of $1.19 per share, which beat analyst estimates for a loss of $1.32 per share.

Heading into the print, Rivian had beat earnings expectations in six of eight quarters since going public. The company had beaten revenue estimates just 50% of the time.

"The key drivers of our path to positive ...

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