Blue Nile Q4 Profit Shrinks

(RTTNews) - Blue Nile Inc. (NILE) Thursday reported fourth-quarter profit of $4.93 million or $0.38 per share, down from $4.92 million or $0.39 per share in the same period last year.

On average, 11 analysts polled by Thomson Reuters expected the company to earn $0.42 per share for the quarter. Analysts' estimates typically exclude special items.

Sales increased 7.2 percent to $146.0 million from $136.1 million last year. Analysts expected sales of $153.36 million.

Looking ahead to the first quarter, the company has forecast earnings in the range of $0.05 to $0.09 per share, with revenues ranging between $102 million and $108 million.

Analysts currently expect the company to earn $0.11 per share on revenues of $110.04 million.

For the fiscal year 2014, the company currently projects earnings in the range of $0.85 to $0.92 per share, with revenues in the order of $485 million to $520 million.

Analysts currently expect the company to report full-year earnings of $1.09 per share on revenues of $513.83 million.