IRVINE, Calif. (AP) _ Rivian Automotive, Inc. (RIVN) on Wednesday reported a loss of $1.72 billion in its third quarter.
On a per-share basis, the Irvine, California-based company said it had a loss of $1.88. Losses, adjusted for non-recurring costs, came to $1.57 per share.
The results topped Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for a loss of $1.78 per share.
The a manufacturer of motor vehicles and passenger cars posted revenue of $536 million in the period, also beating Street forecasts. Six analysts surveyed by Zacks expected $513.9 million.
