Rivian Automotive (RIVN) reported a Q1 loss late Tuesday of $0.48 per diluted share, narrowing from a loss of $1.48 a year earlier.
Analysts polled by FactSet expected a loss of $0.99.
Revenue for the quarter ended March 31 was $1.24 billion, up from $1.20 billion a year earlier.
Analysts surveyed by FactSet expected $1.02 billion.
The company adjusted its full-year 2025 vehicle delivery guidance to 40,000 to 46,000 from 46,000 to 51,000 earlier. Analysts expect 48,000.
Shares of Rivian Automotive were down 1.2% in after-hours trading.
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