Key Developments For Blue Nile, Inc.
Blue Nile, Inc. (NILE.O) (Nasdaq)
Blue Nile, Inc. Raises Q4 2009 Guidance
Blue Nile, Inc. announced that it expects fourth quarter 2009 net sales between $100 million and $109 million and diluted earnings per share (EPS) in the range of $0.35 to $0.39. According to Reuters Estimates, analysts were expecting the Company to report revenue of $96 million and EPS of $0.33 for the same period.
Blue Nile, Inc. Comments On Q3 2009 Revenue Outlook; Issues FY 2009 Outlook Above Analysts' Estimates
Blue Nile, Inc. announced that for the third quarter of 2009, it expects sales to be flat to slightly down compared to last year. For fiscal 2009, the Company expects net sales between $288 and $295 million, and diluted earnings per share (EPS) in the range of $0.78 to $0.82. The Company reported revenue of $65.38 million in the third quarter of 2008. According to Reuters Estimates, analysts on an average were expecting the Company to report revenue of $62 million for the third quarter of 2009; EPS of $0.77 on revenue of $284 million for fiscal 2009.
Blue Nile, Inc. Issues FY 2009 EBITDA Guidance Above Analysts' Estimates
Blue Nile, Inc. announced that it expects non-GAAP adjusted EBITDA for fiscal 2009 to exceed last year's level. The Company reported EBITDA of $25.09 million for fiscal 2008. According to Reuters Estimates, analysts are expecting the Company to report EBITDA of $22.85 million for fiscal 2009.
Blue Nile, Inc. Withdraws Q4, FY 2008 Outlook-Conference Call
Blue Nile, Inc. announced that for the fourth quarter and fiscal 2008, it has withdrawn guidance and is not providing sales, non-GAAP EBITDA and EPS guidance due to the deterioration in the economic environment and the uncertainty surrounding consumer spending patterns.
Blue Nile, Inc. Issues Q3 2008 Guidance; EPS Guidance Below Analysts' Estimates; Revises FY 2008 Guidance
Blue Nile, Inc. announced that for third quarter 2008 it expects net sales growth to be in the range of 0% to 5%, net income is expected to be in a range of $0.15 to $0.17 per diluted share. The estimated net income per diluted share includes the estimated impact of stock compensation expense of approximately $0.08 per diluted share. The Company revised fiscal 2008 guidance and now expects net sales and non-GAAP adjusted EBITDA in mid-single digit percentage growth for the year, net income per diluted share goal is to achieve an EPS level that is consistent with the level achieved in 2007. The Company reported EPS of $1.04 for fiscal 2007. According to Reuters Estimates, analysts are expecting the Company to report revenue of $74.32 million and EPS of $0.18 for third quarter 2008; revenue of $350.31 million and EPS of $1.03 for fiscal 2008.
