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Sotheby's: Q3 net loss above expectations.

(CercleFinance.com) - Unveiled before Wall Street opened this Friday, Sotheby's Q3 results revealed a loss per share of 45 cents, against a previous loss of 99 cents.

Excluding extraordinary items, the art auction specialist announced a loss of 78 cents per share, 10 cents more than the consensus.

However, revenues came in much higher than expected at 171.4 million dollars, after 91.5 million dollars in Q3, while the consensus was only expecting 111.2 million dollars.

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