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Rivian posts narrower quarterly loss than Wall Street feared, keeps production guidance intact

Por: MarketWatch Business November 10, 2022

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Adjusted for one-time items, the company lost $1.57 a share. Revenue rose to $536 million. FactSet analyst consensus called for an adjusted loss of $1.79 a share on revenue of $550 million. The stock rose 2% immediately after the results, and rallied more than 8% as Rivian executives hosted a post-results call with analysts. Related: On the call, the Rivian executives highlighted continued demand for its pricey EVs and the company’s focus on... + full article



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