Rivian Raises Full-Year Delivery Forecast Following Strong Third-Quarter Revenue
Rivian Automotive (RIVN) shares surged in after-hours trading following a third-quarter earnings report that exceeded analyst expectations. The company reported revenue of $2.16 billion, representing a 38% increase compared to the previous year and surpassing the Bloomberg consensus estimate of $2.02 billion. In addition to beating revenue estimates, Rivian reported a narrower adjusted loss than anticipated and provided an improved full-year delivery outlook. The company cited the upcoming R2 platform ramp as a key driver for supporting its quarterly results and long-term growth trajectory.
Tickers: $RIVN
Topics: after-hours trading delivery outlook earnings beat revenue growth
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