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Rivian stock jumps nearly 6% as EV maker narrows quarterly loss, keeps guidance intact

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Rivian lost $1.35 billion, or $1.45 a share, in the first quarter, compared with a loss of $1.6 billion, or $1.77 a share, in the year-ago period. $RIVN rose after the EV maker reported a narrower quarterly loss and kept intact its guidance for the year:

Shares of Rivian Automotive Inc. rose nearly 6% in the aftermarket Tuesday after the electric-vehicle maker reported a narrower loss for the quarter and kept intact its guidance for the year.

Rivian RIVN lost $1.35 billion, or $1.45 a share, in the first quarter, compared with a loss of $1.6 billion, or $1.77 a share, in the year-ago period. Adjusted for one-time items, Rivian lost $1.25 a share.

 

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