The Best Pennystock Newsletter, Wall Street Grand LLC, takes notice to Blue Nile Inc, (NASDAQ:NILE) financial fourth quarter results and notifies the members here at WSG LLC… Blue Nile Inc., trades on the “NASDAQ” under the Stock Symbol,”
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Blue Nile, Inc. (Nasdaq: NILE), the primary online retailer of diamonds and fine jewelry, made their announcement of its financial results for its fourth quarter and fiscal year ended January 3rd, 2010. Net sales for the 4Q increased 20.0% to $102.9 million from $85.8 million in the fourth quarter of 2008. On an equivalent basis, net sales boosted 27.4% year-over-year. Operating income for the quarter rose 55.0% to $8.2 million, from $5.3 million in the fourth quarter of 2008. Net income totaled up to $5.4 million, an increase of 54.6% over the fourth quarter last year.
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This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 (the "Act") including 2009 growth, revenue for the second quarter and year of 2009 and gross margin for the second quarter and year of 2009. Additionally, words such as "seek," "intend," "believe," "plan," "estimate," "expect," "anticipate" and other similar expressions are forward-looking statements within the meaning of the Act. Some or all of the events or results anticipated by these forward-looking statements may not occur. Factors that could cause or contribute to such differences include the impact of intense competition, the continuation or worsening of current economic conditions and the condition of the domestic and global credit and capital markets.
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