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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.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BID at https://www.zacks.com/ap/BID