Sotheby's Q2 Profit Decreases - Quick Facts

(RTTNews) - Sotheby's (BID) reported that its second-quarter net income attributable to company decreased to $77.63 million or $1.11 per share from $91.73 million or $1.33 per share, last year. The company noted that its second-quarter net income was adversely impacted by after-tax special charges of $10.2 million. Adjusted net income was $87.84 million or $1.26 per share, for the quarter.

On average, seven analysts polled by Thomson Reuters expected the company to report profit per share of $1.43 for the quarter. Analysts' estimates typically exclude special items.

Total revenues increased to $335.82 million from $304.87 million, last year. Analysts expected revenue of $345.98 million for the quarter.