Rivian Automotive lowered its earnings forecast for the year after missing Wall Street’s third-quarter expectations, including a significant miss in revenue. Here is how the company performed in the quarter, compared with average estimates compiled by LSEG: Loss per share: 99 cents adjusted vs. a loss of 92 cents expected Revenue: $874 million vs. $990 million expected...
Pedestrians pass the Nasdaq MarketSite in New York, US, on Tuesday, Jan. 2, 2024. Michael Nagle | Bloomberg | Getty Images Silicon Valley is known for producing tech businesses that start in garages and turn into massive publicly traded companies ubiquitously known across the globe. From Oracle and Microsoft to Google and Facebook, the public...
CNBC’s Jim Cramer on Thursday gave his take on Arm Holdings‘ initial public offering, saying the semiconductor designer’s market debut went as well as could be expected. “I think this deal was pretty darn close, really, to a Goldilocks outcome and a good sign of things to come for the IPO market,” he said. “Arm...
The Rivian name is shown on one of their new electric SUV vehicles in San Diego, U.S., December 16, 2022. Mike Blake | Reuters There is more to investing in the right stocks than just buying them after a hot earnings report. Investors can become better informed by researching the opinions of Wall Street experts,...