The electric car manufacturer Rivian presented the results for the second quarter of 2022 after the market closed on Thursday.
The company posted a loss of $1.62 per share. Experts had previously expected -$1.634. In the same quarter of the previous year, the Tesla competitor was not yet listed on the stock exchange.
Meanwhile, Rivian’s revenue for the past quarter was $364 million. Analysts had previously expected the company to post sales of $335 million.
The Rivian share was at times significantly higher in NASDAQ trading, but recently had to cope with profit-taking and closed 0.13 percent lower at $38.90.
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