Shutterfly reports 2nd-quarter loss but tops expectations

MarketsAssociated Press

Shutterfly Inc. (SFLY) on Wednesday reported a loss of $23.8 million in its second quarter.

The Redwood City, California-based company said it had a loss of 63 cents per share. Losses, adjusted for amortization costs, came to 56 cents per share.

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The results topped Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for a loss of $1.05 per share.

The online photo company posted revenue of $183.9 million in the period, which also topped Street forecasts. Seven analysts surveyed by Zacks expected $179.5 million.

For the current quarter ending in September, Shutterfly expects its results to range from a loss of $1.39 per share to a loss of $1.24 per share. Analysts surveyed by Zacks had forecast an adjusted per-share loss of $1.36.

The company said it expects revenue in the range of $164.5 million to $167.5 million for the fiscal third quarter. Analysts surveyed by Zacks had expected revenue of $159.9 million.

Shutterfly expects full-year results to range from a loss of 3 cents per share to earnings of 20 cents per share, with revenue ranging from $1.04 billion to $1.06 billion.

Shutterfly shares have climbed almost 10 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $45.70, a fall of 1.5 percent in the last 12 months.


This story was generated by Automated Insights ( using data from Zacks Investment Research. Access a Zacks stock report on SFLY at


Keywords: Shutterfly, Earnings Report