Sotheby's Earnings And Profit Beat Estimates

By Tonya GarciaMarketsMarketWatch Pulse

Sotheby's reported fourth-quarter net income of $65.5 million, or $1.20 per share, compared with a loss of $11.2 million, or 17 cents per share, for the same period last year. Adjusted EPS was $1.35 per share, beating the $1.17 FactSet consensus. Sales totaled $308.7 million, down from $335.8 million last year but ahead of the $269.0 million FactSet estimate. Sotheby's shares are inactive in Monday premarket trading, and are up 76.3% for the past year. The S&P 500 index is up 21.5% for the last 12 months.

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