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Blue Nile returns to top line growth
06 Nov '09
4 min read
Net income per diluted share for the quarter includes stock-based compensation expense of $0.08 compared to $0.07 for the third quarter of 2008.
Cash and cash equivalents plus short-term investments at the end of the third quarter totaled $47.5 million compared to $26.6 million at the end of the third quarter last year.
Financial Guidance
“The trends in the business during the third quarter improved sequentially, and we project that trend to continue in the fourth quarter. Based on our third quarter results and our expectations for the fourth quarter, we are raising our guidance,” said Marc Stolzman, Chief Financial Officer. “We are projecting fourth quarter net sales between $100 million and $109 million, and diluted earnings per share in the range of $0.35 to $0.39.”
Blue Nile, Inc. is the leading online retailer of diamonds and fine jewelry. The Company delivers the ultimate customer experience, providing consumers with a superior way to buy engagement rings, wedding rings and fine jewelry. Blue Nile offers in-depth educational materials and unique online tools that place consumers in control of the jewelry shopping process. The Company has some of the highest quality standards in the industry and offers thousands of independently certified diamonds and fine jewelry at prices significantly below traditional retail.
Cash and cash equivalents plus short-term investments at the end of the third quarter totaled $47.5 million compared to $26.6 million at the end of the third quarter last year.
Financial Guidance
“The trends in the business during the third quarter improved sequentially, and we project that trend to continue in the fourth quarter. Based on our third quarter results and our expectations for the fourth quarter, we are raising our guidance,” said Marc Stolzman, Chief Financial Officer. “We are projecting fourth quarter net sales between $100 million and $109 million, and diluted earnings per share in the range of $0.35 to $0.39.”
Blue Nile, Inc. is the leading online retailer of diamonds and fine jewelry. The Company delivers the ultimate customer experience, providing consumers with a superior way to buy engagement rings, wedding rings and fine jewelry. Blue Nile offers in-depth educational materials and unique online tools that place consumers in control of the jewelry shopping process. The Company has some of the highest quality standards in the industry and offers thousands of independently certified diamonds and fine jewelry at prices significantly below traditional retail.
Blue Nile Inc
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