News Formal

Rivian beats third-quarter consensus, but RIVN stock gives up early post-market gain

  • 📰 FXStreetNews
  • ⏱ Reading Time:
  • 1 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 4%
  • Publisher: 72%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

Rivian (RIVN) reported third-quarter results that largely overcame dour Wall Street expectations late Tuesday.

Rivian beats consensus for Q3 on adjusted losses and revenue. EV company raises full-year guidance for production to 54,000 vehicles. Exclusivity deal with Amazon for EV vans is being shelved in favor of a wider customer base. Rivian reported third-quarter results that largely overcamedour Wall Street expectations late Tuesday. The RIVN stock price, however, quickly gave up on a robust post-market rally with shares gaining 5% initially before scaling back to a 1% gain.

-hour chart

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 14. in ZA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Another top Wall Street strategist says last week's spectacular stock-market rally will soon fizzle.Joseph Adinolfi is a markets reporter at MarketWatch.
Source: MarketWatch - 🏆 3. / 97 Read more »