HomeBusinessRivian (RIVN) earnings Q2 2022

Rivian (RIVN) earnings Q2 2022

Rivian electric pickup trucks sit in a parking lot at a Rivian service center on May 09, 2022 in South San Francisco, California. 

Justin Sullivan | Getty Images

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 $15.5 billion in cash and equivalents…

Read more at www.cnbc.com

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