Rivian Automotive (RIVN) reported a Q3 adjusted net loss late Thursday of $0.48 per diluted share, narrowing from a loss of $0.65 a year earlier.

Analysts polled by FactSet expected a loss of $0.55.

Revenue in the three months ended Sept. 30 rose to $2.16 billion from $1.56 billion a year earlier.

Analysts expected $2 billion.

Shares of Rivian were up 5% in overnight trading.