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Rivian Q1 Earnings Highlights: Revenue Beat, EPS Miss, Vehicle Guidance Reaffirmed

Electric vehicle company Rivian Automotive (NASDAQ:RIVN) reported first-quarter financial results after market close Tuesday. Here are the key highlights. What Happened: Rivian reported first-quarter revenue of $1.20 billion, which beat a Street consensus estimate of $1.16 billion according to data from Benzinga Pro. The company reported a loss of $1.48 per share, which missed a Street consensus estimate of a loss of $1.25 per share. Rivian reported production of 13,980 vehicles and deliveries of 13,588 in the first quarter. The results were ahead of company forecasts. The company also highlighted the R2 and R3 vehicles that were unveiled in the first quarter on March 7. "R2, R3 and R3X address the largest consumer segment of midsize ...