BUZZ-Rivian rises after forecasting modest annual gross profit

Shares of EV maker Rivian RIVN.O rise 5% to $ 14.3 in after-hours trading

RIVN forecasts modest gross profit in 2025, after reporting first-ever positive earnings margin in the fourth quarter

Company also sees an unexpected drop in deliveries for the year due to an uncertain economy and shifting consumer preferences

Forecasts annual deliveries between 46,000 and 51,000 vehicles, lower than expectations of 55,520, according to 15 analysts polled by Visible Alpha

Posts fourth-quarter revenue of $1.73 billion, compared with analysts' average estimate of $1.4 billion, according to LSEG data

Stock fell over 43% in 2024