The results follow slower-than-expected production, unexpected pricing pressure and plans to lay off 6% of its workforce in a bid to conserve cash.
reported mixed fourth-quarter earnings and a lackluster production outlook after the bell Tuesday. Here's how Rivian performed in the period, compared with analysts' estimates as compiled by Refinitiv:Revenue: $663 million vs. $742.4 million estimated
Rivian stock closed Tuesday at $19.30 a share, up 4.6%. Following the results, the stock was down by about 8% during afterhours trading.
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