Sotheby's (BID) Tops Q3 EPS by 23c

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Sotheby’s Reports Third Quarter 2017 Financial Results

November 3, 2017 7:00 AM EDT

NEW YORK, Nov. 03, 2017 (GLOBE NEWSWIRE) -- Sothebys (NYSE: BID) today reported its financial results for the third quarter and nine months ended September 30, 2017. 

For the three months ended September 30, 2017, Sothebys reported a net loss of ($23.5) million, or ($0.45) per share.  These results represent improvements of 57% and 55% from ($54.5) million, or ($0.99) per share, in the same periods of the prior year respectively. These improvements were largely driven by higher Consolidated Sales in the period resulting from a shift of certain sales in Hong Kong from the fourth quarter of last year to... More