Sotheby's (BID) Misses Q2 EPS by 17c
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Goldman Sachs Has Positive Bias on Sotheby's (BID), Maintains Neutral Rating
August 8, 2014 3:24 PM EDTGoldman Sachs maintained Neutral rating on Sotheby's (NYSE: BID) with a price target of $44. Analyst Taposh Bari's view is unchanged despite a 10% post-earning correction, although bias is now positive.
"Auction commission margins declined 74 bp yoy to 15.2%, slightly above... More
Sotheby's (BID) Slammed 10% on Q2 'Miss'
August 8, 2014 10:54 AM EDTSotheby's (NYSE: BID) is sharply (-10%) lower Friday following disappointing results before the open.
Sotheby's reported Q2 EPS of $1.26, $0.17 worse than the analyst estimate of $1.43. Revenue for the quarter came in at $335.82 million versus the consensus estimate of $345.63 million.
... More