Sotheby's (BID) Misses Q2 EPS by 47c, Revenue Beats

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Sotheby’s Reports 2018 Second Quarter Financial Results

August 6, 2018 7:00 AM EDT

NEW YORK, Aug. 06, 2018 (GLOBE NEWSWIRE) -- Sothebys (NYSE: BID) today reported its financial results for the second quarter and six months ended June 30, 2018. 

For the three months ended June 30, 2018, Sothebys reported net income of $57.3 million, or $1.08 per diluted share. These results represent a decline of 26% from $76.9 million and 24% from $1.43 per diluted share in the prior year period partly due to the movement of certain Spring Hong Kong sales into the first quarter of 2018 that have historically been held in the second quarter. 

For the six months... More