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Rivian set to report second-quarter earnings after hours on Thursday

Yahoo Finance Live co-host Rachelle Akuffo looks at Rivian's stock ahead of its earnings report due out tomorrow.

Video transcript

RACHELLE AKUFFO: So we're shifting gears. My stock to watch for tomorrow is Rivian. Now, the EV maker is set to report second quarter earnings after the close tomorrow, and the company expects to earn $335 million in revenue and post a loss of $1.67 per share. Now, Rivian is another one of the many companies that's planning hundreds of layoffs to trim its workforce amid surging inflation. So we'll be keeping an eye on that one for you.