Rivian Automotive Q3 Adj EPS $(1.19) Beats $(1.32) Estimate
Portfolio Pulse from Benzinga Newsdesk
Rivian Automotive reported Q3 adjusted losses of $1.19 per share, beating the analyst consensus estimate of $1.32 by 9.85%. This is a 24.2% increase over losses from the same period last year. The company also reported quarterly sales of $1.337 billion, beating the analyst consensus estimate of $1.327 billion by 0.75%, a 149.44% increase over sales from the same period last year.
November 07, 2023 | 9:09 pm
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POSITIVE IMPACT
Rivian Automotive's Q3 results beat analyst estimates, with adjusted losses improving and sales increasing significantly compared to the same period last year.
Rivian's better-than-expected Q3 results, with reduced losses and increased sales, indicate a positive financial performance. This could lead to increased investor confidence and potentially a short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100