Blue Nile Flying After Earnings (NILE)

Shares of Blue Nile NILE are surging after the company reported better than expected earnings results. NILE reported EPS of $0.19 compared to analysts' consensus estimates of $0.18 and $0.17 in the year ago period. Revenues were up 0.8% year over year. The stock has gained $3.34, or 7.34%, to $48.84 in Friday's trading session. Volume has been on the heavy side with around 820,000 NILE shares trading hands compared to a daily average of 210,000.