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Online jewelry retailer Blue Nile (NILE) drops 5.1% after reporting Q2 revenue of $80.5M (+5%...
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Friday, August 5, 2011, 10:28 AM ETOnline jewelry retailer Blue Nile (NILE) drops 5.1% after reporting Q2 revenue of $80.5M (+5% Y/Y) and EPS of $0.19, missing consensus by $3.6M and $0.02. The shortfall is blamed on rising diamond/metal prices and weak consumer spending. Blue Nile expects Q3 revenue of $71.5M-$74M and EPS of $0.16-$0.17, below a consensus of $77M and $0.22.
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