Blue Nile Inc (NILE) Releases Earnings Results, Reports EPS of $0.09 EPS

Blue Nile Inc (NILE) reported quarterly earnings results on Thursday, May-5-2016. The company reported $0.09 EPS for the quarter. Analysts had a consensus estimate of $0.09. The company posted revenue of $103.10 million in the period, compared to analysts expectations of $104.11 million. The company’s revenue was down -3.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.10 EPS.

Many Wall Street Analysts have commented on Blue Nile Inc. Shares were Reiterated by RBC Capital Mkts on Feb 12, 2016 to “Sector Perform” and Lowered the Price Target to $ 24 from a previous price target of $39 .Blue Nile Inc was Downgraded by BofA/Merrill to ” Underperform” on Feb 11, 2016.

Blue Nile Inc opened for trading at $26.13 and hit $26.44 on the upside on Wednesday, eventually ending the session at $26.32, with a gain of 0.30% or 0.08 points. The heightened volatility saw the trading volume jump to 80,108 shares. Company has a market cap of $305 M.

In a different news, on Feb 19, 2016, Schoonenberg Robert G Van (director) purchased 1,000 shares at $27.22 per share price. According to the SEC, on Feb 10, 2016, Jon Sainsbury (President of International) sold 100 shares at $30.43 per share price. On Nov 24, 2015, Lauren Neiswender (General Counsel) sold 10,938 shares at $36.81 per share price, according to the Form-4 filing with the securities and exchange commission.

Blue Nile Inc. (Blue Nile) is an online retailer of diamonds and jewelry. The Company offers its products for sale through the Blue Nile Website in around 40 countries and territories across the world. The Company’s wholly owned subsidiaries include Blue Nile LLC (LLC) which serves the Company’s customers in the United States Canada and Asia Pacific; Blue Nile Worldwide Inc. which serves the Company’s customers in Europe; Blue Nile (Shanghai) Trading Co. Ltd. which serves the Company’s customers in China and Blue Nile Jewellery Ltd (Jewellery) which operates a customer service and fulfillment center in Dublin Ireland. The Company’s domestic sales consist of products delivered to customers within the United States and the Company’s international sales consist of products delivered to customers outside the United States.

Blue Nile Inc

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