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Sotheby's Q4 Profit Falls

Sotheby's (BID) reported net income for the fourth quarter of $66.1 million or $0.96 per share, compared to $71.5 million or $1.04 per share for the year-ago quarter.

Revenue for the fourth quarter rose to $291.12 million from $284.45 million a year ago.

Analysts polled by Thomson Reuters expected the company to earn $1.09 per share on revenue of $278.84 million for the fourth quarter.

by RTTNews Staff Writer

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