Rivian Automotive Q1 2024 EPS $(1.48) Misses $(1.25) Estimate, Sales $1.204B Beat $1.163B Estimate
Portfolio Pulse from Benzinga Newsdesk
Rivian Automotive's Q1 2024 earnings per share (EPS) of $(1.48) missed the $(1.25) estimate, while its sales of $1.204B exceeded the $1.163B forecast, marking an 82.15% increase from the previous year.

May 07, 2024 | 8:19 pm
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Rivian's Q1 2024 EPS missed estimates by 18.4%, but sales exceeded expectations and showed significant year-over-year growth.
The missed EPS estimate may negatively impact investor sentiment in the short term, but the significant sales beat and year-over-year growth could offset this by demonstrating strong demand and operational progress. The mixed results present a neutral to slightly positive outlook, depending on investor focus on growth versus profitability.
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