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Stock Market & Financial Investment News

News Breaks
October 10, 2012
10:21 EDTBIDSotheby's rises after Bloomberg reports HK auction tops estimate
Sotheby's Hong Long auction top estimates at HK $2.05 billion as reported by Bloomberg. The shares are up 3.88% as a result, and are testing resistance at the 10-day moving average, last at $31.49. Support is at $30.77.
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May 15, 2013
07:12 EDTBIDSotheby's auction reaches $294M, Bloomberg reports
A monumental Barnett Newman canvas sold for a record $43.8M at a $294M Sotheby’s auction, as contemporary art prices rose with stocks, and as speculation returns to the market, reports Bloomberg.Reference Link
06:08 EDTBIDOn the Fly: Periodicals Wrap-Up
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May 9, 2013
16:03 EDTBIDSotheby's reports Q1 EPS (33c), consensus (12c)
Reports Q1 revenue $101.7M, consensus $116.9M. The decrease is largely due to the decline in auction commission margin and to a lesser extent, an 8% increase in operating expenses, which in large measure is attributable to planned investments in support of Sotheby's strategic initiatives, including the development of Sotheby's presence in growth markets.
15:27 EDTBIDNotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include priceline.com (PCLN), consensus $5.27; Public Storage (PSA), consensus $1.62; NVIDIA (NVDA), consensus 10c; CareFusion (CFN), consensus 53c; Assured Guaranty (AGO), consensus 68c; Medivation (MDVN), consensus (41c); Great Plains Energy (GXP), consensus 12c; Salix Pharmaceuticals (SLXP), consensus 68c; Air Lease (AL), consensus 38c; Sotheby's (BID), consensus (12c).
May 8, 2013
06:18 EDTBIDCezanne's ‘Les Pommes’ sells for $41.6M at Sotheby’s, Bloomberg reports
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