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Rivian Automotive Q2 Loss Narrows, Revenue Rises

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Rivian Automotive (RIVN) reported a Q2 loss late Thursday of $0.63 per diluted share, narrowing from the loss of $0.97 a year earlier.

Analysts polled by FactSet expected a loss of $0.76.

Revenue in the three months ended June 30 rose to $1.66 billion from $1.3 billion a year earlier.

Analysts expected $1.52 billion.

Rivian shares rose 1.6% in after-hours trading.

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Rivian Automotive Q2 Loss Narrows, Revenue Rises | FINWIRES