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Tag: gross profit

Rivian Posts Losses in Third Quarter Sales; Loss forecast for the full year widens, but a “modest gross profit” is still expected for the fourth quarter

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Rivian Posts Losses in Third Quarter Sales; Loss forecast for the full year widens, but a “modest gross profit” is still expected for the fourth quarter

Rivian (RIVN) reported third-quarter revenue that fell short of the mark and a wider-than-expected loss as the pure-play adventure electric vehicle maker was weighed down by an issue with supplier parts. Although the company is now forecasting a larger-than-expected loss for the year, it is maintaining its full-year delivery forecast and still expects a “modest […]