Blue Nile (NILE) Tops Q3 EPS by 1c; Guides Above Q4
NILE Hot Sheet
Revenue Growth %: +3.6%Financial Fact:
Gross profit: 15.28M
Today's EPS Names:
BRLI, TLB, TNP, More
Blue Nile, Inc. (NASDAQ: NILE) reports Q3 EPS of $0.17, 1 cent better than the analyst estimate of $0.16. Revenue for the quarter was $66.9 million, which compares to the estimate of $65.31 million.
“The trends in the business during the third quarter improved sequentially, and we project that trend to continue in the fourth quarter. Based on our third quarter results and our expectations for the fourth quarter, we are raising our guidance,” said Marc Stolzman, Chief Financial Officer. “We are projecting fourth quarter net sales between $100 million and $109 million, and diluted earnings per share in the range of $0.35 to $0.39.” (Consensus is $95.88M and $0.33, respectively)
“The trends in the business during the third quarter improved sequentially, and we project that trend to continue in the fourth quarter. Based on our third quarter results and our expectations for the fourth quarter, we are raising our guidance,” said Marc Stolzman, Chief Financial Officer. “We are projecting fourth quarter net sales between $100 million and $109 million, and diluted earnings per share in the range of $0.35 to $0.39.” (Consensus is $95.88M and $0.33, respectively)
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