Blue Nile shares rise as profit falls but beats expectations: related news

Blue Nile shares rise as profit falls but beats expectations

NEW YORK (AP) -- Shares of Blue Nile Inc. rose Wednesday, after the online jewelry retailer beat first-quarter expectations.

Blue Nile Names Former Starbuck Exec Stolzman CFO

Seattle-based online jeweler Blue Nile Inc. reported Tuesday that it has named Marc Stoltzman its next chief financial officer. Blue Nile said Stolzman, whose official start date will be June 9, will supervise the company's accounting and reporting, financial planning and analysis, tax, treasury and investor relations. He will report to Diane Irvine, Blue Nile’s chief executive officer. Blue Nile said Stolzman hails from Imperium Renewables, where he has served as CFO since March 2007. Prior to that, he spent 13 years with Starbucks Coffee Co., including a four-year run as senior vice president of finance and business development for the coffee retailer's International unit.

Sales rise, but net income falls for Blue Nile in the first quarter

Online jeweler Blue Nile Inc. is reporting slightly higher sales, but less net income for the first quarter ended March 30.

Blue Nile Posts Lower Profit In Q1; Guides Q2, FY08 - Update [NILE]

Blue Nile, Inc. (NILE), an online retailer of diamonds and fine jewelry, on Tuesday announced first-quarter financial results, reporting a fall in profit from the previous year. However, net sales for the period increased from the prior year.

Blue Nile 1st Quarter Net Slips To $2.57M, Stolzman Joins As CEO

first-quarter net income fell to $2.57 million, or 16 cents a share, from $3.16 million, or 19 cents a share, a year earlier. The Seattle online jewelry retailer said net sales rose 3.8% to $70.5 million from $67.9 million. On average, analysts polled by Thomson Reuters expected earnings of 14 cents a share on revenue of $68.5 million. Analysts estimates generally exclude one-time items. Separately, Blue Nile said Marc Stolzman, of Imperium Renewables, has joined the company as chief financial officer, effective June 9. For the second quarter, Blue Nile expects earnings of 15 cents to 18 cents a share on sales growth of flat to 5%. For 2008, Blue Nile reiterated its guidance for earnings growth equal to that of 2007, growth of adjusted earnings before interest, taxes, depreciation and amortization of at least 10%, and sales growth of at l

CORRECT: Blue Nile 1st Quarter Net Slips; Stolzman Named CFO

first-quarter net income fell to $2.57 million, or 16 cents a share, from $3.16 million, or 19 cents a share, a year earlier. The Seattle online jewelry retailer said net sales rose 3.8% to $70.5 million from $67.9 million. On average, analysts polled by Thomson Reuters expected earnings of 14 cents a share on revenue of $68.5 million. Analysts estimates generally exclude one-time items. Separately, Blue Nile said Marc Stolzman, of Imperium Renewables, has joined the company as chief financial officer, effective June 9. For the second quarter, Blue Nile expects earnings of 15 cents to 18 cents a share on sales growth of flat to 5%. For 2008, Blue Nile reiterated its guidance for earnings growth equal to that of 2007, growth of adjusted earnings before interest, taxes, depreciation and amortization of at least 10%, and sales growth of at l

Blue Nile Designates Marc Stolzman Chief Financial Officer - Update [NILE]

5/6/2008 4:51:26 PM Tuesday, after the bell, Blue Nile, Inc. (NILE), an online retailer of diamonds and fine jewelry, announced the appointment of Marc Stolzman as the company's new Chief Financial Officer with effect from June 9, 2008. Stolzman is a veteran with two decades of extensive financial and retail experience and will be an important member of the management team.

Cisco profit beats subdued expectations

Cisco Systems Inc.'s profit fell 5 percent in its fiscal third quarter but beat Wall Street's expectations, a sign the turbulent U.S. economy didn't rattle the world's largest networking equipment maker as hard as expected.

Blue Nile Names Marc Stolzman Chief Financial Officer

SEATTLE -- Blue Nile, Inc. today announced that Marc Stolzman will join the Company as Chief Financial Officer effective June 9, 2008. Stolzman brings twenty years of extensive financial and retail experience to his new role and will be a key member of the management team. As CFO, Stolzman will be responsible for all aspects of Blue Nile's finance function, including accounting and financial reporting, financial planning and analysis, tax, treasury and investor relations. Stolzman will report to Diane Irvine, Chief Executive Officer.

Blue Nile to Present at William Blair & Company Growth Stock Conference

SEATTLE, Jun 11, 2008 (BUSINESS WIRE) -- NILE | Quote | Chart | News | PowerRating -- Blue Nile, Inc. (Nasdaq:NILE), the leading online retailer of diamonds and fine jewelry, today announced that Diane Irvine, Chief Executive Officer, will present at the William Blair & Company 28th Annual Growth Stock Conference at the Four Seasons Hotel in Chicago on Wednesday, June 18, 2008 at 9:50 a.m. Central Time.

Blue Nile Down About 3%, in Middle of Day's Range, Ahead of Q1 Earnings Release

Boston, May 06, 2008 (MidnightTrader via COMTEX News Network) -- Blue Nile (NILE) is due with its Q1 results after the bell tonight. Analysts polled by Thomson First Call look for a mean profit of $0.14 per share on revenue of $69 million.

Blue Nile Q1 net sales rise

Blue Nile, an online retailer of diamonds and jewelry, has reported net sales of $70.5 million for the first quarter ended March 30, 2008, up from $67.9 million in the first quarter of 2007.

Best Buy 1Q profit falls, shares slip 5 percent

Best Buy said its first-quarter profit dropped 7 percent, but what its executives didn't say seemed to bother Wall Street more.

UPDATE 1-Sony shares rise 10 pct after strong profit forecast

TOKYO, May 15 (Reuters) - Shares of Sony Corp (6758.T: Quote, Profile, Research) jumped more than 10 percent on Thursday after it forecast a bigger-than-expected operating profit this financial year as it aims to boost flat TV sales and wipe away losses on the PlayStation 3.

Sony to post big operating profit gain in fiscal 07: Nikkei

is expected to report a 430% rise in group operating profit for the financial year ended March 31, helped by strong demand for digital cameras and other electronics, according to a Japanese media report. The electronics giant will reap the benefits of its strategy to focus on Bravia liquid-crystal display televisions and the PlayStation 3 game console, as an expected 60% and 170% rise in sales in these respective categories should lift group operating profit to 380 billion ($3.6 billion) yen, the Nikkei newspaper reported Friday without saying where it got the information. Sony's group wide sales are expected to rise 8% to 8.98 trillion yen, the report said. Sony is due to report results for the 2007 fiscal year May 14. End of Story

Blue Nile Inc. Is Falling After Q1 Report

(RTTNews) - Blue Nile Inc. (NILE | news | PowerRating | PR Charts ) reported first quarter EPS of $0.16 after the bell Tuesday, compared to the consensus estimate of $0.14. The company expects to

Golden Predator Mines Inc. Announces Early Release of Escrow Shares

VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 14, 2008) - Golden Predator Mines Inc. (TSX:GP - News) announces that 1,538,125 common shares of the Company owned by principals of the company have been released from escrow. The shares were originally subject to escrow under a modified National Policy 46-201 escrow agreement pursuant to the requirements of the Toronto Stock Exchange, and represent the balance of the shares subject to escrow. Pursuant to the modified escrow agreement, the shares would be released from escrow if the Company's market capitalization reached $100,000,000 based on a volume weighted average trading price of the Company's common shares during the first five days of trading on the Toronto Stock Exchange. The Company and the Exchange have confirmed that the market capitalization exceeded the $100,000,000 threshold an

Blue Nile (NILE) Beats By 2c; Lowers Guidance

Pre-Open Movers 3/28: JC Penney (JCP) Sinks on Lower Guidance, BioMimetic Therapeutics (BMTI) Higher After Addressing Concerns

Blue Nile to Present at William Blair & Company Growth Stock Conference

SEATTLE--(BUSINESS WIRE)--Blue Nile, Inc. (Nasdaq:NILE - News), the leading online retailer of diamonds and fine jewelry, today announced that Diane Irvine, Chief Executive Officer, will present at the William Blair & Company 28

Blue Nile to Present at William Blair & Company Growth Stock Conference

SEATTLE - (Business Wire) Blue Nile, Inc. (Nasdaq:NILE), the leading online retailer of diamonds and fine jewelry, today announced that Diane Irvine, Chief Executive Officer, will present at the William Blair & Company 28

VeriSign shares rise, lose some ground after analyst raises price target, earnings estimate

NEW YORK (AP) - VeriSign Inc. shares rose then lost some ground Tuesday after an Oppenheimer & Co. analyst raised his price target for the stock while increasing his 2009 profit estimate on growth expectations.

Blue Nile 1Q08 Sales +4%, Profits -19%

Blue Nile's first quarter sales rose 3.8 percent to $70.46 million for three months ending March 30, 2008. Net income fell 18.7 percent to $2.571 million.

Blue Nile names CFO

Blue Nile, an online retailer of diamonds and jewelry, has appointed Marc Stolzman as its CFO, effective June 9, 2008. Mr Stolzman will report to Diane Irvine, CEO.

Best Buy Q1 profit falls, but tops consensus; backs FY09 view

(RTTNews) - Tuesday, electronics retailer Best Buy Co. Inc. (BBY) posted a decline in its first-quarter profit, while per share earnings increased 10% on lower share count, topping the Wall Street consensus by six cents. Revenues for the period registered a double-digit growth, driven by new store openings, an increase in same-store sales of 3.7 percent and foreign currency exchange fluctuations. In addition, the company backed its fiscal 2009 earnings as well as revenue outlook.

Blue Cross Blue Shield of Massachusetts to integrate with Google Health

Blue Cross Blue Shield of Massachusetts, a health insurance company, has entered into a partnership with Google Health that will expand options for members who want to create their own personal health record.

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