Sothebys Q2 Adj. EPS $1.09 Misses $1.56 Estimate, Sales $345.636M Beat $330.28M Estimate

Sothebys (NYSE:BID) reported quarterly earnings of $1.09 per share which missed the analyst consensus estimate of $1.56 by 30.13 percent. This is a 23.78 percent decrease over earnings of $1.43 per share from the same period last year. The company reported quarterly sales of $345.636 million which beat the analyst consensus estimate of $330.28 million by 4.65 percent. This is a 9.76 percent increase over sales of $314.898 million the same period last year.