Avalara Announces Third Quarter 2020 Financial Results
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Avalara (AVLR) Tops Q3 EPS by 11c, Revenues Beat; Offers 4Q EPS/Revenue Guidance Above Consensus
November 5, 2020 5:30 PM ESTAvalara (NYSE: AVLR) reported Q3 EPS of $0.02, $0.11 better than the analyst estimate of ($0.09). Revenue for the quarter came in at $127.9 million versus the consensus estimate of $116.2 million.
Avalaras stellar third quarter performance exceeded our expectations, with revenue growth accelerating to 30 percent year-over-year, reaching a key milestone of a half a billion topline annual revenue run rate, said Scott McFarlane, Avalara co-founder and chief executive officer. Our results demonstrate the adaptability and resiliency of our business model... More
