Rivian Earnings Preview: Production Outlook and Profitability Goals are Front and Center for EV Maker
Wednesday, February 21st, 2024
Electric adventure vehicle maker Rivian (RIVN) is on deck to report fourth quarter results after the bell on Wednesday as investors key in on the automaker's 2024 production plans and profitability outlook in an environment of decreased EV demand.
For the quarter, Rivian is expected to report top-line revenue of $1.25 billion, with an adjusted loss per share of $1.33, per Bloomberg consensus estimates. That revenue figure represents a nearly 90% gain from the $663 million reported a year ago. On an adjusted EBITDA basis, Rivian is expected to report a loss of $1.05 billion, narrower than last year’s $1.46 billion loss.
Read More at Yahoo! FInance.