Shutterfly: 2Q Earnings Snapshot

Shutterfly: 2Q Earnings Snapshot

Associated Press
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REDWOOD CITY, Calif. (AP) _ Shutterfly Inc. (SFLY) on Tuesday reported a loss of $26.5 million in its second quarter.

The Redwood City, California-based company said it had a loss of 80 cents per share. Earnings, adjusted for one-time gains and costs, came to 38 cents per share.

The online photo company posted revenue of $443.4 million in the period, beating Street forecasts. Three analysts surveyed by Zacks expected $438.3 million.

Shutterfly expects full-year earnings in the range of $3.05 to $3.50 per share, with revenue in the range of $1.97 billion to $2.03 billion.

Shutterfly shares have climbed 68 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $83.56, a climb of 75 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 https://www.zacks.com/ap/SFLY

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