Fine jewelry retailer Blue Nile registers strong earning growth in Q2
03 Aug '05
4 min read
- Net income is expected to be in a range of $0.69 to $0.73 per diluted share. - The effective tax rate for the full year 2005 is expected to be approximately 36.0 percent. - Capital expenditures are expected to be between $1.5 million and $2.0 million.
Blue Nile will begin expensing stock options, in accordance with the SEC's guidelines related to the implementation of Statement of Financial Accounting Standards No. 123R, "Share Based Payment," in the first fiscal quarter of 2006.
Largest online diamond retailer Blue Nile has grown to become the largest online retailer of certified diamonds and fine jewellry. Internet Retailer Magazine reports Blue Nile is bigger than the next three largest online jewelers combined. The Blue Nile web site showcases over 55,000 independently certified diamonds and more than 1,000 styles of fine jewelry, including rings, wedding bands, earrings, necklaces, pendants, bracelets and watches.
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