Rivian Automotive (RIVN) Reports Q2 Loss, Beats Revenue Estimates

Rivian Automotive (RIVN) came out with a quarterly loss of $0.8 per share versus the Zacks Consensus Estimate of a loss of$ 0.65. This compares to a loss of $1.21 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -23.08%. A quarter ago, it was expected that this a manufacturer of motor vehicles and passenger cars would post a loss of$ 0.8 per share when it actually produced a loss of $0.41, delivering a surprise of +48.75%. Ove ...