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Blue Nile’s Diamond Stocks Falling on Low Results
Feb. 16, 2012 04:24PM PST
Gem InvestingReuters reported Blue Nile (NASDAQ:NILE) fell as much as 20 percent on Thursday after reporting lower than expected quarterly results.
Reuters reported Blue Nile (NASDAQ:NILE) fell as much as 20 percent on Thursday after reporting lower than expected quarterly results.
As quoted in the market news:
Benchmark also reduced its price target on Blue Nile to $28 from $30.
On Wednesday, Blue Nile forecast lower-than-expected earnings for its first quarter and fiscal 2012, after results missed estimates due to weak demand and higher costs.