UPDATE: Sothebys (BID) Misses Q4 EPS by 21c
Tweet
Share
E-mail
Get Alerts BID Hot Sheet
Join SI Premium – FREE
(Updated - February 29, 2012 4:49 PM EST)
Sothebys (NYSE: BID) reported Q4 EPS of $1.04, $0.21 worse than the analyst estimate of $1.25. Revenue for the quarter came in at $284.2 million versus the consensus estimate of $298.39 million. Revenues were down 11% from the $317.96 million reported last year.
Net income for the fourth quarter was $71.5 million, down from $96.2 million last year. The drop was largely attributable to a decline in auction and related revenues. Earnings per share of $1.04 was down 25% from the $1.38 reported last year.
For the the full year 2011, revenues increased 7% to $831.8 million and net income improved 7% to $171.4 million. It was the best financial results in its 268-year history, apart from its record year in 2007.
For earnings history and earnings-related data on Sothebys (BID) click here.
Sothebys (NYSE: BID) reported Q4 EPS of $1.04, $0.21 worse than the analyst estimate of $1.25. Revenue for the quarter came in at $284.2 million versus the consensus estimate of $298.39 million. Revenues were down 11% from the $317.96 million reported last year.
Net income for the fourth quarter was $71.5 million, down from $96.2 million last year. The drop was largely attributable to a decline in auction and related revenues. Earnings per share of $1.04 was down 25% from the $1.38 reported last year.
For the the full year 2011, revenues increased 7% to $831.8 million and net income improved 7% to $171.4 million. It was the best financial results in its 268-year history, apart from its record year in 2007.
For earnings history and earnings-related data on Sothebys (BID) click here.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Blackhawk Network (HAWK) Reports Q2 Loss of $0.07; Offers Guidance
- LogicBio Therapeutics (LOGC) Misses Q2 EPS by 10c
- Inhibrx, Inc. (INBX) Misses Q2 EPS by 54c
Create E-mail Alert Related Categories
EarningsRelated Entities
EarningsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
