Rivian Automotive Q4 2023 Adj EPS $(1.36) Misses $(1.32) Estimate, Sales $1.31B Beat $1.26B Estimate
Portfolio Pulse from Benzinga Newsdesk
Rivian Automotive reported Q4 2023 adjusted EPS of $(1.36), missing the $(1.32) estimate, but sales of $1.31B exceeded the $1.26B estimate, marking a 98.34% increase from the previous year.
February 21, 2024 | 9:18 pm
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Rivian Automotive's Q4 2023 earnings report showed a miss on EPS estimates but exceeded sales forecasts, with a significant year-over-year sales increase.
While Rivian missed EPS estimates, the significant beat on sales forecasts and the substantial year-over-year growth could mitigate negative investor sentiment. The mixed results present a neutral short-term outlook as investors weigh the EPS miss against strong sales performance.
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RELEVANCE 100