Tag Archives: EVmaker

Rivian stock higher after EV-maker reaffirms production forecast, reports narrower loss

Rivian stock higher after EV-maker reaffirms production forecast, reports narrower loss

Rivian (RIVN) stock jumped after hours as the electric adventure vehicle maker reported a narrower loss than expected loss for the third quarter, and also reaffirmed its full-year production forecast and financial outlook. For the quarter Rivian reported revenue of $536 million, missing estimates of $561.1 million, and reported an adjusted EPS loss of $1.57 a share, smaller than the expected loss of $1.86. More importantly for investors, the company said it would still hit its 25,000 vehicle… Source link

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