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Sotheby's posts 2Q profit

NEW YORK (AP) _ Sotheby's (BID) on Thursday reported second-quarter net income of $76.9 million.

On a per-share basis, the New York-based company said it had profit of $1.43.

The auction house posted revenue of $314.9 million in the period.

Sotheby's shares have increased 40 percent since the beginning of the year. The stock has increased 77 percent in the last 12 months.

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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

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Keywords: Sotheby's, Earnings Report