Rivian Automotive Q2 Adj EPS $(1.08) Beats $(1.41) Estimate, Sales $1.12B Beat $978.88M Estimate
Portfolio Pulse from bharat@benzinga.com
Rivian Automotive reported Q2 adjusted EPS of $(1.08), beating the estimate of $(1.41) by 23.4%. The company also reported sales of $1.12B, surpassing the estimate of $978.88M by 14.52%. This represents a 33.33% increase in EPS and a 207.97% increase in sales compared to the same period last year.
August 08, 2023 | 8:13 pm
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Rivian Automotive's Q2 results surpassed estimates, with a 33.33% increase in EPS and a 207.97% increase in sales year-over-year.
Rivian's better-than-expected Q2 results, including a significant increase in EPS and sales compared to last year, are likely to have a positive impact on its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100