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Benzinga
Benzinga
Business
Adam Eckert

What's Driving Rivian Stock Lower Today?

Rivian Nasdaq Rivian Automotive

Rivian Automotive Inc (NASDAQ:RIVN) shares are trading lower Thursday after the company reported financial results. Several analysts lowered price targets on the stock following the company's quarterly results.

Rivian reported first-quarter revenue of $95 million, which came in below the estimate of $130.5 million, according to data from Benzinga Pro. The company reported a quarterly adjusted loss of $1.43 per share, which beat the estimate for a loss of $1.44 per share.

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