Rivian Automotive Q2 EPS $(1.08) Beats $(1.41) Estimate, Sales $1.12B Beat $978.88M Estimate
Portfolio Pulse from Benzinga Newsdesk
Rivian Automotive reported Q2 earnings per share (EPS) of $(1.08), beating the analyst consensus estimate of $(1.41) by 23.4%. This is a 33.33% increase over losses from the same period last year. The company also reported quarterly sales of $1.12 billion, beating the analyst consensus estimate of $978.88 million by 14.42%. This is a 207.69% increase over sales from the same period last year.
August 08, 2023 | 8:12 pm
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Rivian Automotive's Q2 earnings and sales beat analyst estimates, indicating a positive financial performance.
Rivian Automotive's Q2 earnings and sales exceeded analyst estimates, which is typically a positive signal for the company's financial health and could lead to a short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100