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BREAKING: Blue Nile Misses on Earnings

Blue Nile, Inc. (NASDAQ: NILE) reported Q4 EPS of $0.38 versus estimates of $0.42, missing by $0.04 representing a 3 percent year over year drop. Revenue came in at $146.0 million versus the estimated $153.36 million representing a 7 percent year over year rise.

The company sees FY2014 revenue at $0.85-$0.92 per share versus estimates of $1.07. Full year revenue is forecasted at $485 million to $520 millions versus the $513 million estimate.

“Looking back at 2013, we are pleased with the continued momentum in the business and confident in our strategy to build long term growth. We launched important initiatives that drove sales and improved the consumer experience. This year, we will continue to enhance the experience across all platforms, expand exclusive product offers, elevate levels of customer service, and increase our global reach. In 2012, we set a three year goal to re-energize the business. Our performance over the past 20 months gives us confidence that exciting times are yet ahead for Blue Nile as we continue to reframe the business,” said Harvey Kanter, Chairman, CEO and President.

Disclosure: At the time of this writing, Tim Parker had no position in the equities mentioned.

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