Rivian Automotive (RIVN) Reports Q1 Loss, Tops Revenue Estimates

Rivian Automotive (RIVN) came out with a quarterly loss of $1.19 per share versus the Zacks Consensus Estimate of a loss of $1.13. This compares to loss of $1.25 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -5.31%. A quarter ago, it was expected that this a manufacturer of motor vehicles and passenger cars would post a loss of $1.39 per share when it actually produced a loss of $1.36, delivering a surprise of 2.16%.Over the ...