NEWS: Shutterfly Inc., an online photo company, said Tuesday that its third-quarter loss narrowed slightly as demand increased for its photo books and other products. But its fourth-quarter guidance missed Wall Street expectations and its shares fell in after-hours trading.
NUMBERS: The company posted a loss of $10.1 million, or 27 cents per share, in the quarter ending Sept. 30. That compares with a loss of $10.5 million, or 29 cents per share, in the same quarter a year ago. Analysts expected a loss of 61 cents per share, according to FactSet.
Revenue jumped 25 percent to $122.7 million from $98.5 million. Analysts expected revenue of $118.4 million.
FUTURE: For the fourth quarter, the company expects adjusted per-share earnings between 95 cents and $1.11 and revenue between $392.1 million and $405.1 million. Analysts expected earnings of $1.45 per share and revenue of $414.7 million.
For the year, Shutterfly expects per-share profit between 20 cents and 35 cents per share and revenue between $765 million and $778 million. Analysts expected earnings of 27 cents per share and revenue of $784 million.
STOCK: Down $5.26, or 10 percent, to $47 in after-hours trading. They fell $1.79, or 3.3 percent, to close at $52.26 during normal trading hours.