Rivian Automotive (RIVN) Reports Q4 Loss, Tops Revenue Estimates

Rivian Automotive (RIVN) came out with a quarterly loss of $0.52 per share versus the Zacks Consensus Estimate of a loss of $0.66. This compares to loss of $1.36 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 21.21%. A quarter ago, it was expected that this a manufacturer of motor vehicles and passenger cars would post a loss of $0.89 per share when it actually produced a loss of $1.03, delivering a surprise of -15.73%.Over t ...