Barrington Research Downgrades Sotheby's (BID) to Market Perform

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Go back to Barrington Research Downgrades Sotheby's (BID) to Market Perform

Sotheby's Reports Fourth Quarter and Full Year 2015 Financial Results

February 26, 2016 7:00 AM EST

NEW YORK, Feb. 26, 2016 (GLOBE NEWSWIRE) -- Sothebys (NYSE: BID) today reported its financial results for the fourth quarter and year ended 31 December 2015.      

President and Chief Executive Officer Tad Smith said, We are pleased with the progress weve made on our strategic objectives, which includes significant headway on priorities relating to developing a compelling growth strategy, leveraging the use of technology, allocating capital wisely and optimizing talent and processes within the organization.  We look forward to translating this hard work into tangible results and long-term value creation for shareholders.

Mr. Smith continued, We are... More