Blue Nile plummets on earnings, outlook

Jeweler Also Lowers Guidance

The online jeweler last night reported fourth-quarter earnings of $0.30 per share on revenues of $112.3 million, badly missing the consensus estimates of $0.42 EPS on $123.2 million in revenues. For the current quarter, the company forecast earnings of $0.04 to $0.07 per share on revenues of $81 million to $84 million, well short of the expected $0.17 EPS on $86 million in revenues. Management blamed the disappointing numbers on weak demand among high-end and international customers. NILE is down nearly 24 percent on tradeMONSTER's extended-hours platform.

its for high end customers