Sotheby's (BID) Misses Q1 EPS by 12c

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Go back to Sotheby's (BID) Misses Q1 EPS by 12c

Sotheby’s Reports First Quarter 2016 Financial Results

May 9, 2016 7:00 AM EDT

NEW YORK, May 09, 2016 (GLOBE NEWSWIRE) -- Sothebys (NYSE: BID) today reported its financial results for the first quarter ended 31 March 2016.

For the three months ended 31 March 2016, Sothebys reported Adjusted Diluted Loss Per Share* of ($0.35) on an Adjusted Net Loss* of ($22.3) million.   In the same period in 2015, Sothebys reported Adjusted Diluted Earnings Per Share* of $0.11 on Adjusted Net Income* of $7.4 million.  On an unadjusted GAAP basis, Sothebys reported a net loss of ($25.9) million, or ($0.41) per diluted share, for the first quarter of 2016 as compared to net income of $5.2 million, or $0.07 per... More