Rivian Q4 Earnings Highlights: Revenue Beat, EPS Miss, 2024 Guidance And More



Electric vehicle company Rivian Automotive (NASDAQ:RIVN) reported fourth-quarter financial results after market close Wednesday.

Here are the key highlights.

What Happened: Rivian reported fourth-quarter revenue of $1.32 billion, which beat a Street consensus estimate of $1.26 billion, according to data from Benzinga Pro.

The company reported a loss of $1.36 per share, which missed a Street estimate of a loss of $1.32 per share.

The company previously reported it produced 17,541 vehicles in the fourth quarter and delivered 13,972 vehicles in the quarter. For fiscal year 2023, Rivian produced 57,232 vehicles and delivered 50,122 vehicles.

“We made great progress in 2023 despite economic headwinds, and we’re excited …

Full story available on Benzinga.com


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