Online jewelry retailer Blue Nile (NILE) drops 5.1% after reporting Q2 revenue of $80.5M (+5%...

|About: Blue Nile, Inc. (NILE)|By:, SA News Editor

Online 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.