Blue Nile Inc (NILE) Releases Earnings Results, Misses Expectations By $-0.03 EPS

Blue Nile Inc (NILE) reported quarterly earnings results on Monday, Aug-8-2016. The company reported $0.18 earnings per share for the quarter, missing the analyst consensus estimate by $-0.03. Analysts had a consensus of $0.21. The company posted revenue of $113.77 million in the period, compared to analysts expectations of $113.95 million. The company’s revenue was up .1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.20 EPS.

Blue Nile Inc opened for trading at $29.38 and hit $30.21 on the upside on Friday, eventually ending the session at $30.04, with a gain of 2.81% or 0.82 points. The heightened volatility saw the trading volume jump to 1,64,452 shares. Company has a market cap of $349 M.

In a different news, on Jul 15, 2016, Jon Sainsbury (Chief Revenue Officer) sold 100 shares at $30.00 per share price. According to the SEC, on May 13, 2016, Michael J Potter (director) purchased 4,000 shares at $25.55 per share price. On Feb 19, 2016, Schoonenberg Robert G Van (director) purchased 1,000 shares at $27.22 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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