AVLR - Avalara stock pops after Q2 beats raised full-year sales outlook

Avalara (NYSE:AVLR) shares climb over 7% after hours following second-quarter beats and upside revenue forecasts. Revenue was up 45% year-over-year in the quarter to $169.1M. Adjusted earnings of $0.02 per share topped estimates by $0.12. Subscription and returns revenue was up 40% to $152.4M. The company provides a pair of upside sales forecasts, seeing $169-171M in sales for the third quarter compared to the $164.98M consensus. The full-year view has $672-676M in revenue compared to the $652.46M estimate. Last quarter, Avalara (AVLR) forecast full-year revenue of $650-654M.

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Avalara stock pops after Q2 beats, raised full-year sales outlook