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Electric vehicle maker Rivian Automotive maintained its full-year guidance for deliveries Thursday and reported second-quarter revenue that was higher than Wall Street expected.
But it trimmed its full-year financial outlook, saying that investors should now expect a wider loss and lower capital expenditures than it had previously forecast.
Here are the key numbers from Rivian’s second-quarter report, compared with average Wall Street analyst expectations as complied by Refinitiv:
- Revenue: $364 million versus $337.5 million expected.
- Adjusted loss per share: $1.62 versus an expected adjusted loss of $1.63 per share.
Rivian’s net loss for the quarter was about $1.7 billion.
The company had…
Source cnbc.com
