Rivian Automotive (NASDAQ: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.
