Rivian Automotive: Q4 Earnings Snapshot

IRVINE, Calif. (AP) — IRVINE, Calif. (AP) — Rivian Automotive, Inc. (RIVN) on Wednesday reported a loss of $1.52 billion in its fourth quarter.

The Irvine, California-based company said it had a loss of $1.58 per share. Losses, adjusted for one-time gains and costs, were $1.36 per share.

The results surpassed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for a loss of $1.39 per share.

The a manufacturer of motor vehicles and passenger cars posted revenue of $1.32 billion in the period, also surpassing Street forecasts. Seven analysts surveyed by Zacks expected $1.28 billion.

For the year, the company reported a loss of $5.43 billion, or $5.74 per share. Revenue was reported as $4.43 billion.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on RIVN at https://www.zacks.com/ap/RIVN