Friday, August 3, 2012

Two Big Winners: Blue Nile, Inc. (NASDAQ:NILE) & OpenTable Inc(NASDAQ:OPEN)

Second quarter profit of Blue Nile, Inc.(NASDAQ:NILE) fell 43 percent on higher costs, the company said on Thursday.

The online jewellery and diamond retailer reported net income of $1.6 million, or 11 cents per share for the quarter to July 1, down from $2.8 million, or 19 cents per share, in the second quarter of 2011.

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The company's net profit at $14.9 million was impacted by a $2 million rise in costs. Revenue rose 13 percent to $91 million from $80.5 million a year earlier, with a surge in the sales of engagement rings.

For the full year, Blue Nile said it would keep to its forecasts made earlier of earnings of 70 cents to 85 cents a share and revenue of $384 million to $417 million.

Shares of the company rose $5.74 to $29.49 in after-market trades.

Another online services provider - restaurant reservations - OpenTable Inc. reported a 9 percent fall in its second quarter profit, but shares rose as it exceeded expectations.

The shares fell $1.78, or 5 percent, to $34.15 in regular trading. After the results, they were up $4.34 to $38.49 in after-hours trading.

OpenTable Inc’s (NASDAQ:OPEN) net income fell to $5.7 million, or 25 cents per share, compared with a year-ago gain of $6.3 million, or 26 cents per share.

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Excluding special items such as stock-based compensation costs, it would have earned 42 cents per share. Revenue rose 15 percent to $39.6 million.

Analysts estimated adjusted earnings of 37 cents per share on revenue of $39.4 million.

For 2012, the company forecast earnings after items of $1.54 to $1.66 per share on revenue of $160 million to $164 million.

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