Investing.com - Rivian Automotive reported on Wednesday third quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Rivian Automotive announced earnings per share of $-1.57 on revenue of $536M. Analysts polled by Investing.com anticipated EPS of $-1.81 on revenue of $568.5M.
Rivian Automotive shares are down 19% from the beginning of the year, still down 84.36% from its 52 week high of $179.47 set on November 16, 2021.
Rivian Automotive shares gained 6.34% in after-hours trade following the report.
Rivian Automotive follows other major Consumer Discretionary sector earnings this month
Rivian Automotive's report follows an earnings beat by Amazon.com on October 27, who reported EPS of $0.28 on revenue of $127.1B, compared to forecasts EPS of $0.22 on revenue of $127.76B.
Tesla had beat expectations on October 19 with third quarter EPS of $1.05 on revenue of $21.45B, compared to forecast for EPS of $1.03 on revenue of $22.5B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar