the republic logo

Shutterfly tops 3Q net income expectations, misses revenue forecasts


REDWOOD CITY, California — Shutterfly Inc. (SFLY) on Wednesday reported a loss of $46.2 million in its third quarter.

The Redwood City, California-based company said it had a loss of $1.20 per share. Losses, adjusted for one-time gains and costs, were $1.12 per share.

The results topped Wall Street expectations. The average estimate of analysts surveyed by Zacks Investment Research was for a loss of $1.16 per share.

The online photo company posted revenue of $142 million in the period, which fell short of Street forecasts. Analysts expected $143.6 million, according to Zacks.

For the current quarter ending in December, Shutterfly expects its per-share earnings to range from $2.42 to $2.67. Analysts surveyed by Zacks had forecast adjusted earnings per share of $2.62.

The company said it expects revenue in the range of $466.7 million to $481.7 million for the fiscal fourth quarter. Analysts surveyed by Zacks had expected revenue of $478.5 million.

Shutterfly expects full-year results to range from a loss of 7 cents per share to earnings of 20 cents per share, with revenue ranging from $905 million to $920 million.

Shutterfly shares have decreased 19 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $41.17, a decrease of 21 percent in the last 12 months.


This story was generated by Automated Insights using data from Zacks Investment Research. SFLY stock research report from Zacks.


Keywords:Shutterfly,Earnings Report

Think your friends should see this? Share it with them!

Story copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Feedback, Corrections and Other Requests: AP welcomes feedback and comments from readers. Send an email to and it will be forwarded to the appropriate editor or reporter.

We also have more stories about:
(click the phrases to see a list)


Follow The Republic:

All content copyright ©2014 The Republic, a division of Home News Enterprises unless otherwise noted.
All rights reserved. Privacy policy.