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Sotheby's

BID

Sotheby's Reports Earnings Results for the Fourth Quarter Ended December 31, 2018

February 28, 2019 at 07:00 am EST

Sotheby's announced earnings results for the fourth quarter ended December 31, 2018. For the fourth quarter, the company announced total revenue was USD 375.147 million compared to USD 338.204 million a year ago. Operating income was USD 121.275 million compared to USD 106.634 million a year ago. Net income was USD 85.712 million compared to USD 76.709 million a year ago. Basic earnings per share was USD 1.75 compared to USD 1.44 a year ago. Diluted earnings per share was USD 1.72 compared to USD 1.43 a year ago. For the full year, total revenue was USD 1,035.740 million compared to USD 1,057.380 million a year ago. Operating income was USD 181.345 million compared to USD 165.675 million a year ago. Net income was USD 108.634 million compared to USD 118.796 million a year ago. Basic earnings per share was USD 2.1 compared to USD 2.22 a year ago. Diluted earnings per share was USD 2.09 compared to USD 2.2 a year ago.

Latest news about Sotheby's

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Patrick Drahi Reportedly Mulling A Listing of the Sotheby's Auction House	21-12-15	CI
Realogy Holdings Corp. and Sotheby's acquired a 80% stake in Concierge Auctions, LLC.	21-11-16	CI
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Alexander Klabin acquired minority stake in Sotheby's.	20-09-22	CI
Sotheby's Auditor Raises 'Going Concern' Doubt	20-04-28	CI
Sotheby's Announces Valentino D. Carlotti Step Down from This Position as Executive Vice President, Global Head of Business Development	19-12-05	CI
Sotheby's Announces Step Down of Kevin M. Delaney as Senior Vice President, Corporate Controller and Chief Accounting Officer	19-11-13	CI
Sotheby's Reports Earnings Results for the Third Quarter Ended September 30, 2019	19-11-12	CI
Sotheby's taps Altice USA executive Charles Stewart as CEO	19-10-28	RE
Sotheby's Announces management Changes	19-10-28	CI
Sotheby's Announces Management Changes; Announces $600 Million Principal Amount of Senior Secured Notes Due 2027	19-10-03	CI
Sotheby's(NYSE:BID) dropped from S&P 400	19-10-03	CI
Sotheby's(NYSE:BID) dropped from S&P TMI Index	19-10-03	CI
Sotheby's(NYSE:BID) dropped from S&P Global BMI Index	19-10-03	CI
Sotheby's(NYSE:BID) dropped from S&P Composite 1500	19-10-03	CI
Sotheby's(NYSE:BID) dropped from S&P 400 Consumer Discretionary	19-10-03	CI
Sotheby's(NYSE:BID) dropped from S&P 1000	19-10-03	CI
Patrick Drahi and his family completed the acquisition of acquire the remaining 98.23% stake that the family does not already own in Sotheby's from a group of shareholders.	19-10-02	CI
Declaration of Voting Results by Sotheby’s	19-09-05	CI
RWC Partners Limited Opposes Sotheby’s Agreed Takeover by Patrick Drahi	19-08-26	CI

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Company Profile

Sotheby's is a global art business company. The Company is engaged in offering its clients opportunities to connect with and transact in a range of objects. The Company offers a range of art-related services, including the brokerage of private art sales, private jewelry sales through Sotheby's Diamonds, private selling exhibitions at its galleries, art-related financing, and art advisory services, as well as retail wine locations in New York and Hong Kong. The Company operates through two segments: Agency and Finance. The Agency segment matches buyers and sellers of authenticated fine art, decorative art, jewelry, wine and collectibles (collectively, art or works of art or artwork or property) through the auction or private sale process. The Finance segment is engaged in art-related financing activities by making loans that are secured by works of art. The Company's advisory services are classified within All Other segment.

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