Rivian Automotive (RIVN) Reports Q3 Loss, Lags Revenue Estimates

Rivian Automotive (RIVN) came out with a quarterly loss of $1.03 per share versus the Zacks Consensus Estimate of a loss of$ 0.89. This compares to loss of $1.19 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -15.73%. A quarter ago, it was expected that this a manufacturer of motor vehicles and passenger cars would post a loss of$ 1.09 per share when it actually produced a loss of $1.21, delivering a surprise of -11.01%.Over ...