Seeking Alpha

Shares of Blue Nile (NILE) skyrocket 27.1% premarket after the company beat estimates with its...

Shares of Blue Nile (NILE) skyrocket 27.1% premarket after the company beat estimates with its Q2 report. The company's full-year guidance of $0.70-$0.85 came in over the consensus mark of analysts and brings up the question if the company is catching jewelry buyers trading down from higher-priced brick-and-mortar sellers such as SIG, TIF and ZLC.
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