Recap: Rivian Automotive Q1 Earnings

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Rivian Automotive RIVN reported its Q1 earnings results on Tuesday, May 9, 2023 at 04:08 PM.

Here's what investors need to know about the announcement.

Earnings

Rivian Automotive beat estimated earnings by 21.38%, reporting an EPS of $-1.25 versus an estimate of $-1.59.

Revenue was up $566.00 million from the same period last year.

Past Earnings Performance

Last quarter the company beat on EPS by $0.21 which was followed by a 18.34% drop in the share price the next day.

Here's a look at Rivian Automotive's past performance:

Quarter Q4 2022 Q3 2022 Q2 2022 Q1 2022
EPS Estimate -1.94 -1.82 -1.63 -1.44
EPS Actual -1.73 -1.57 -1.62 -1.43
Revenue Estimate 742.39M 551.57M 337.52M 130.50M
Revenue Actual 663.00M 536.00M 364.00M 95.00M

To track all earnings releases for Rivian Automotive visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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Posted In: EarningsBZI-Recaps
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