Rivian's latest earnings report showed smaller-than-expected losses and stronger revenue than anticipated, leading to increased price targets from analysts. The company reported an adjusted loss of $0.48 per share against expected losses of $0.92 and generated $1.24 billion in revenue compared to an estimate of $1.01 billion. However, Rivian reduced its delivery forecast for 2025 and capital spending, citing external economic impacts. Despite a post-earnings stock drop of nearly 6%, analysts remain hopeful due to Rivian's cost management and future vehicle plans.
Rivian's first-quarter earnings report resulted in a better-than-expected gross profit and lower losses than analysts anticipated, prompting a positive reaction from Wall Street.
Despite cutting its 2025 delivery forecast and capital spending due to external economic factors, analysts remain optimistic, citing effective cost management and progress on upcoming vehicle launches.
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