Sotheby's (BID) Tops Q2 EPS by 46c
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Sotheby’s Reports Second Quarter 2016 Financial Results
August 8, 2016 7:00 AM EDTNEW YORK, Aug. 08, 2016 (GLOBE NEWSWIRE) -- Sothebys (NYSE: BID) today reported its financial results for the second quarter and six months ended 30 June 2016.
For the three months ended 30 June 2016, Sothebys reported net income of $89.0 million and diluted earnings per share of $1.52 which compares to $67.6 million and $0.96, respectively, a year ago. Sothebys reported Adjusted Net Income* of $88.6 million and Adjusted Diluted Earnings Per Share* of $1.51 which compares to $73.1 million and $1.04, respectively, in the prior period. This represents a 21% increase in Adjusted Net Income*, but a 45% improvement in Adjusted Diluted Earnings Per... More
