Sotheby's (BID) Tops Q4 EPS by 9c, Revs Light

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Go back to Sotheby's (BID) Tops Q4 EPS by 9c, Revs Light

Sotheby’s Reports 2017 Full Year and Fourth Quarter Financial Results

March 1, 2018 7:00 AM EST

NEW YORK, March 01, 2018 (GLOBE NEWSWIRE) -- Sothebys (NYSE: BID) today reported its financial results for the fourth quarter and year ended December 31, 2017. 

For the twelve months ended December 31, 2017, Sothebys reported net income of $118.8 million, or $2.20 per diluted share. These results represent improvements of 60% from $74.1 million and 73% from $1.27 in the prior year.  Excluding certain charges in both periods, Adjusted Net Income* improved 22% from $99.6 million to $121.7 million and Adjusted Diluted Earnings Per Share* improved 32% from $1.71 to $2.25 per diluted share.

We had a very good year in 2017, and we are planning to have an even... More