-=Sotheby's (BID) reported earnings on Wed 28 Feb 2018 (a/h)

Sotheby's beats by $0.15, beats on revs 

• Reports Q4 (Dec) earnings of $1.47 per share, excluding non-recurring items, $0.15 better thanthe Capital IQ Consensus of $1.32; revenues rose 2.2% year/year to $315.56 mln vs the $306.7 mln Capital IQ Consensus.
• Aggregate Auction Sales of Contemporary Art and Impressionist and Modern Art improved 29% and 33%, respectively, from 2016 to 2017.
• Board of Directors approves $100 millionincrease to share repurchase authorization, resulting in an updated share repurchase authorization of $196 million as of today.