Sotheby's Reveals 3% Rise In Q4 Profit

(RTTNews) - Sotheby's (BID) reported earnings for its fourth quarter that rose compared to the same period last year.

The company said its bottom line rose to $80.59 million, or $1.19 per share. This was up from $78.13 million, or $1.12 per share, in last year's fourth quarter.

Analysts had expected the company to earn $1.14 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 4.4% to $335.82 million. This was down from $351.22 million last year.

Sotheby's earnings at a glance:

-Earnings (Q4): $80.59 Mln. vs. $78.13 Mln. last year. -Earnings Growth (Y-o-Y): 3.1% -EPS (Q4): $1.19 vs. $1.12 last year. -EPS Growth (Y-o-Y): 6.2% -Analysts Estimate: $1.14 -Revenue (Q4): $335.82 Mln vs. $351.22 Mln last year. -Revenue Change (Y-o-Y): -4.4%