Sothebys (BID) Misses Q3 EPS by 9c, Raises Dividend by 60%
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Price: $9.90 --0%
Financial Fact:
General and administrative expenses: 39.36M
Today's EPS Names:
SVBT, ZEO, OTLK, More
Financial Fact:
General and administrative expenses: 39.36M
Today's EPS Names:
SVBT, ZEO, OTLK, More
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Sothebys (NYSE: BID) reported Q3 EPS of ($0.44), $0.09 worse than the analyst estimate of ($0.35). Revenue for the quarter came in at $58.2 million versus the consensus estimate of $77.05 million.
The Board of Directors of Sotheby's has declared a quarterly dividend of $0.08 for the fourth quarter of 2011, an increase of 60% from the previous $0.05 a share dividend. The fourth quarter dividend is payable on December 15, 2011 to shareholders of record as of December 1, 2011. This reflects an increase in the indicated annual dividend rate from $0.20 a share up to $0.32 a share.
The Board of Directors of Sotheby's has declared a quarterly dividend of $0.08 for the fourth quarter of 2011, an increase of 60% from the previous $0.05 a share dividend. The fourth quarter dividend is payable on December 15, 2011 to shareholders of record as of December 1, 2011. This reflects an increase in the indicated annual dividend rate from $0.20 a share up to $0.32 a share.
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