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Business

Shanthi Rexaline

Rivian’s Stock Ahead Of Q3 Report: Will Narrower Losses Drive Investor Confidence?

Rivian Rivian Automotive Inc electric vehicle Nasdaq RIVN

Electric vehicle startup Rivian Automotive, Inc. (NASDAQ:RIVN) is set to announce its third-quarter results on Tuesday after the market closes.PHOTO BY MAXIM HOPMAN/UNSPLASH

Electric vehicle startup Rivian Automotive, Inc. (NASDAQ:RIVN) is set to announce its third-quarter results on Tuesday after the market closes.

Q3 Expectations: Analysts expect a narrower loss of $1.32 per share, compared to last year’s loss of $1.57 per share. The Irvine, California-based company is projected to report revenue of $1.327 billion, as per Zenger News Pro data, marking a substantial 140% year-over-year increase from the previous year’s $551.57 million.

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