Sotheby's (BID) Misses Q3 EPS by 16c, Revs Beat

November 7, 2016 7:04 AM EST

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Sotheby's (NYSE: BID) reported Q3 EPS of ($0.78), $0.16 worse than the analyst estimate of ($0.62). Revenue for the quarter came in at $91.49 million versus the consensus estimate of $82.9 million.

“As we communicated previously, the third quarter results were not expected to be good,” said Tad Smith, President and Chief Executive Officer of Sotheby’s. “Underneath our seasonally low level of sales, there were encouraging but tentative indicators that the market could be looking for a rallying point. At the same time, we are thrilled with the continued results of our internal initiatives.”

For earnings history and earnings-related data on Sotheby's (BID) click here.

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