IRVINE, Calif. (AP) __ IRVINE, Calif. (AP) __ Rivian Automotive, Inc. (RIVN) on Tuesday reported a loss of $1.37 billion in its third quarter.
The Irvine, California-based company said it had a loss of $1.44 per share. Losses, adjusted for one-time gains and costs, came to $1.19 per share.
The results surpassed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for a loss of $1.36 per share.
The a manufacturer of motor vehicles and passenger cars posted revenue of $1.34 billion in the period, which did not meet Street forecasts. Three analysts surveyed by Zacks expected $1.36 billion.
