tl;dr
Rivian Automotive (NASDAQ:RIVN) surged in early trading on Tuesday, ahead of its Q1 earnings report after the closing bell. The California-based company is expected to post a quarterly EPS of -$1.16 along with revenue of $1.17 billion. Rivian Automotive (RIVN) has disclosed that it produced 13,980 v...
Rivian Automotive (NASDAQ:RIVN) surged in early trading on Tuesday, ahead of its Q1 earnings report after the closing bell. The California-based company is expected to post a quarterly EPS of -$1.16 along with revenue of $1.17 billion. Rivian Automotive (RIVN) has disclosed that it produced 13,980 vehicles at its manufacturing facility in Normal, Illinois during Q1 and delivered 13,588 vehicles during the same period. These figures surpassed analysts' expectations. The company also reaffirmed its guidance for annual production of 57,000 total vehicles for the full year 2024. Speculative reports about a potential collaboration between Apple (AAPL) and Rivian (RIVN) may have contributed to the share price move. While details are unclear, supply chain sources have hinted at Apple exploring a partnership of some sort with Rivian, although any discussions between the companies remain unconfirmed. Notably, Rivian already counts Amazon (AMZN) as a major investor and commercial van customer. Shares of Rivian Automotive (RIVN) rose 6.00% premarket to $10.96 on substantial volume. The EV stock continues to trade in the lower end of its 52-week range of $8.26 to $28.06.
More about Rivian Automotive Inc
Rivian Automotive Inc Summary
Industry: Manufacturing - Motor Vehicles & Passenger Car Bodies
Revenue: $10,281,655,000
Net Income: -$5.74
EBITDA: $4.682
EPS: -$1.225
Market Cap: $4,434,000,000
PE Ratio: 16.84
Dividend Yield: 0
Beta: 0.983
More about Apple Inc
Company: Apple Inc.
Description:
More about Amazon.com Inc
Amazon.com, Inc. is an American multinational technology company which focuses on e-commerce, cloud computing, digital streaming, and artificial intelligence. It is one of the Big Five companies in the U.S. information technology industry, along with Google, Apple, Microsoft, and Facebook. The company has been referred to as one of the most influential economic and cultural forces in the world, as well as the world's most valuable brand.
Industry: TRADE & SERVICES
Sector: RETAIL-CATALOG & MAIL-ORDER HOUSES
Market Cap: $1.963 trillion
Current Price: $3,372.86
Dividend Yield: None
P/E Ratio: 3.57
EPS: $57.13
Beta: 0.0638
Revenue: $590.74 billion
Net Income: $210.33 billion
Debt/Equity: 2.167
Current Ratio: 0.125
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