Sotheby's (BID) Tops Q4 EPS by 18c

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Go back to Sotheby's (BID) Tops Q4 EPS by 18c

Sotheby’s Reports Fourth Quarter and Full Year 2016 Financial Results

February 27, 2017 7:01 AM EST

NEW YORK, Feb. 27, 2017 (GLOBE NEWSWIRE) -- Sothebys (NYSE: BID) today reported its financial results for the fourth quarter and full year ended 31 December 2016. 

Our fourth quarter 2016 results came in better than expected largely due to a number of strong fourth quarter sales, said Tad Smith, Sothebys CEO. These results reflect growing confidence in the market as collectors responded enthusiastically to the great collections and works we secured for sale. Even more importantly, the quarter demonstrated that when the market stabilizes, let alone when it returns to its secular growth trajectory, our company... More