Blue Nile Reports 8% Fall In Q1 Profit

(RTTNews) - Blue Nile (NILE) revealed earnings for first quarter that declined from last year.

The company said its earnings declined to $1.08 million, or $0.09 per share. This was down from $1.18 million, or $0.10 per share, in last year's first quarter.

Analysts had expected the company to earn $0.09 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 3.2% to $103.05 million. This was down from $106.45 million last year.

Blue Nile earnings at a glance:

-Earnings (Q1): $1.08 Mln. vs. $1.18 Mln. last year. -Earnings Decline (Y-o-Y): -8.5% -EPS (Q1): $0.09 vs. $0.10 last year. -EPS Decline (Y-o-Y): -10.0% -Analysts Estimate: $0.09 -Revenue (Q1): $103.05 Mln vs. $106.45 Mln last year. -Revenue Change (Y-o-Y): -3.2%

-Guidance: Next quarter EPS guidance: $0.20 - $0.23. Next quarter revenue guidance: $114 - $117 Mln Full year EPS guidance: $0.88 - $0.95. Full year revenue guidance: $465 - $495 Mln