Blue Nile Misses Revenue Estimates (NILE)

Blue Nile Inc. (NILE) reports Q3 earnings of $0.19 versus consensus of $0.18. Blue Nile Inc. reports revenues of $67.5 million versus consensus of $72.05 million. "We delivered record third quarter sales, operating income, non-GAAP adjusted EBITDA, and earnings per share in what remains a challenging consumer environment. During the quarter, sales trends were uneven and reflected consumer confidence levels, which were at historic lows," said Diane Irvine, Chief Executive Officer. "Sales trends have improved in the current quarter, and we remain focused on providing an exceptional experience to our customers. Across the business, we are gearing up for our peak holiday season. We are prepared with what we believe is our best product assortment ever at tremendous values, and we are competitively well positioned to continue to gain market share in the industry."