Ritchie Bros. Auctioneers (NYSE: RBA) reported Q3 EPS of $0.44, $0.14 better than the analyst estimate of $0.30. Revenue for the quarter came in at $331.5 million versus the consensus estimate of $299.7 million.

"We saw a strong contribution to GTV growth across all geographic regions and channels and are pleased by the growth demonstrated in the third quarter. Ritchie Bros.' omnichannel platform continues to drive best in class customer experiences and solid price performance. While 100% of transactions have moved online, we continue to leverage all the tools in our digital and technology tool box as well as our physical sites for care, custody and control," said Ann Fandozzi, Chief Executive Officer of Ritchie Bros.

Fandozzi continued, "Our priorities have not changed, we continue to focus on the health and safety of our employees and customers and preserving our strong financial position to benefit our shareholders, customers and employees as the pandemic continues to unfold."

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