10:02 am Sotheby's (BID)
Sotheby's (BID 41.96, -2.04, -4.6%) reported earnings results for the fourth quarter and full year 2014 earlier this morning. The auctioneer of authenticated fine art, decorative art, and jewelry, reported Q4 (Dec) EPS of $1.12, $0.16 worse than expectations. While the company saw revenues increase 3.5% year/year to $351.2 million vs the $338.11 million estimate, expenses also grew as a percentage of revenue, ultimately leading to 14% decrease in net income year/year.
For some background on the company, BID operates in three segments: Agency, …More