IRVINE, Calif. (AP) _ Rivian Automotive, Inc. (RIVN) on Thursday reported a loss of $2.46 billion in its fourth quarter.
The Irvine, California-based company said it had a loss of $4.83 per share. Losses, adjusted for non-recurring costs, came to $2.43 per share.
The results did not meet Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of $1.58 per share.
The a manufacturer of motor vehicles and passenger cars posted revenue of $54 million in the period, which topped Street forecasts. Three analysts surveyed by Zacks expected $50.4 million.
For the year, the company reported a loss of $4.69 billion, or $22.98 per share. Revenue was reported as $55 million.
