Blue Nile (Nasdaq: NILE) reported earnings on May 8. Here are the numbers you need to know.

The 10-second takeaway
 For the quarter ended April 1 (Q1), Blue Nile met expectations on revenues and missed estimates on earnings per share.

Compared to the prior-year quarter, revenue grew and GAAP earnings per share contracted significantly.

Margins contracted across the board.

Revenue details
 Blue Nile recorded revenue of $83.1 million. The seven analysts polled by S&P Capital IQ wanted to see net sales of $82.3 million on the same basis. GAAP reported sales were 3.6% higher than the prior-year quarter's $80.2 million.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
 EPS came in at $0.01. The eight earnings estimates compiled by S&P Capital IQ predicted $0.06 per share. GAAP EPS of $0.01 for Q1 were 94% lower than the prior-year quarter's $0.16 per share.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
 For the quarter, gross margin was 18.4%, 270 basis points worse than the prior-year quarter. Operating margin was 0.3%, 410 basis points worse than the prior-year quarter. Net margin was 0.2%, 280 basis points worse than the prior-year quarter.

Looking ahead
 Next quarter's average estimate for revenue is $89.2 million. On the bottom line, the average EPS estimate is $0.09.

Next year's average estimate for revenue is $391.1 million. The average EPS estimate is $0.78.

Investor sentiment
 The stock has a two-star rating (out of five) at Motley Fool CAPS, with 657 members out of 857 rating the stock outperform, and 200 members rating it underperform. Among 286 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 224 give Blue Nile a green thumbs-up, and 62 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Blue Nile is hold, with an average price target of $33.63.

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