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

Rivian Automotive (RIVN) came out with a quarterly loss of $1.21 per share versus the Zacks Consensus Estimate of a loss of$ 1.09. This compares to loss of $1.08 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -11.01%. A quarter ago, it was expected that this a manufacturer of motor vehicles and passenger cars would post a loss of$ 1.13 per share when it actually produced a loss of $1.19, delivering a surprise of -5.31%.Over t ...