Rivian Automotive (RIVN) Reports Q3 Loss, Lags Revenue Estimates
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Rivian Automotive (RIVN) reported a Q3 loss of $1.03 per share, missing the Zacks Consensus Estimate of a $0.89 loss. This is an improvement from the $1.19 loss per share a year ago.
November 08, 2024 | 12:15 am
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Rivian Automotive reported a Q3 loss of $1.03 per share, which was worse than the expected $0.89 loss. Despite this, the loss is an improvement from the previous year's $1.19 per share.
Rivian's reported loss was worse than expected, which is likely to negatively impact the stock price in the short term. However, the improvement from last year's loss may mitigate some negative sentiment.
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