Sotheby’s: 2Q Earnings Snapshot
NEW YORK (AP) _ Sotheby’s (BID) on Tuesday reported second-quarter net income of $57 million.
On a per-share basis, the New York-based company said it had net income of $1.20. Earnings, adjusted for one-time gains and costs, came to $1.47 per share.
The auction house posted revenue of $361.8 million in the period.
Sotheby’s shares have increased 48% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $58.90, an increase of 13% in the last 12 months.