Sotheby's (BID) Tops Q1 EPS by 3c

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Sotheby’s Reports 2019 First Quarter Financial Results

May 2, 2019 7:02 AM EDT

NEW YORK, May 02, 2019 (GLOBE NEWSWIRE) -- Sothebys (NYSE: BID) today reported its financial results for the first quarter ended March 31, 2019. 

For the three months ended March 31, 2019, Sothebys reported a net loss of ($7.1) million, or ($0.15) per share as compared to ($6.5) million, or ($0.12) per share in the prior period.  Excluding certain items, Adjusted Net Loss* was ($6.9) million, or ($0.15) per share in the first quarter of 2019 as compared to Adjusted Net Income* of $5.0 million, or $0.09 per diluted share in the first quarter of 2018.

We were very pleased that strong demand and sell-through rates... More