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Stock Market & Financial Investment News

News Breaks
March 28, 2014
16:46 EDTBIDThird Point urges Sotheby's stockholders to vote for Third Point board nominees
Third Point's Daniel Loeb wrote in a letter to Sotheby's stockholders, "We urge you to elect the Third Point nominees to the company’s board because we believe that election of new members to the board would be beneficial to the company and its stockholders. We believe that the Third Point nominees will bring to the board necessary and valuable experience in corporate restructuring, optimizing capital allocation, cultivating relationships with luxury customers, and unlocking value for stockholders."
News For BID From The Last 14 Days
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August 14, 2014
10:05 EDTBIDOn The Fly: Analyst Upgrade Summary
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06:24 EDTBIDSotheby's upgraded to Perform from Underperform at Williams Capital
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August 8, 2014
08:05 EDTBIDSotheby's reports Q2 adjusted EPS $1.26, consensus $1.43
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August 7, 2014
07:59 EDTBIDSotheby's should report higher than expected Q2 EPS, says Stifel
Stifel expects Sotheby's Q2 EPS to beat the consensus estimate. The firm thinks that the company's auction sales were strong last quarter, while its commission margin was boosted by its increased use of guarantees. The firm keeps a $65 price target and Buy rating on the shares.

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