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Shutterfly posts 4Q profit, results top Wall Street forecasts

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REDWOOD CITY, California — Shutterfly Inc. (SFLY) on Thursday reported fourth-quarter earnings of $99.7 million.

On a per-share basis, the Redwood City, California-based company said it had profit of $2.51. Earnings, adjusted for amortization costs, were $2.57 per share.

The results beat Wall Street expectations. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of $2.49 per share.

The online photo company posted revenue of $483.3 million in the period, which also topped Street forecasts. Analysts expected $475.5 million, according to Zacks.

For the year, the company reported a loss of $7.9 million, or 20 cents per share, swinging to a loss in the period. Revenue was reported as $921.6 million.

For the current quarter ending in March, Shutterfly expects its results to range from a loss of $1.36 per share to a loss of $1.20 per share.

The company said it expects revenue in the range of $153 million to $157 million for the fiscal first quarter. Analysts surveyed by Zacks had expected revenue of $160.5 million.

Shutterfly expects full-year results to range from a loss of 12 cents per share to earnings of 4 cents per share, with revenue ranging from $1.04 billion to $1.06 billion.

Shutterfly shares have increased 13 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $46.99, a rise of almost 8 percent in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SFLY at http://www.zacks.com/ap/SFLY

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Keywords: Shutterfly, Earnings Report

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