Sotheby's (BID) Misses Q2 EPS by 8c

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Sotheby’s Reports Second Quarter 2017 Financial Results

August 3, 2017 7:00 AM EDT

NEW YORK, Aug. 03, 2017 (GLOBE NEWSWIRE) -- Sothebys (NYSE: BID) today reported its financial results for the second quarter and six months ended June 30, 2017. 

"We are pleased to report solid results for the quarter and the half," said Tad Smith, Sotheby's CEO, continuing, "and we are absolutely delighted with the many things going on inside Sotheby's to position us strongly for the future."

For the three months ended June 30, 2017, Sothebys reported net income of $76.9 million, representing a $12.1 million (14%) decrease when compared to the same period in the prior year, as a... More