Rivian significantly misses Wall Street's third-quarter revenue expectations
Rivian Automotive(RIVN) CNBC·2024-11-08 05:11
Workers assemble second-generation R1 vehicles at electric auto maker Rivian's manufacturing facility in Normal, Illinois, U.S. June 21, 2024.Rivian Automotive cut its earnings forecast for the year after missing Wall Street's third-quarter expectations, including a significant miss in revenue.Here's how the company performed in the quarter, compared with average estimates compiled by LSEG:Loss per share: 99 cents adjusted vs. a loss of 92 cents expectedRevenue: $874 million vs. $990 million expectedRivian ...