Shutterfly Earnings: Here’s Why Investors are Happy Now
Shutterfly, Inc. (NASDAQ:SFLY) had a loss and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 2.47%.
Shutterfly, Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased to $-0.33 in the quarter versus EPS of $-0.29 in the year-earlier quarter.
Revenue: Rose 27.83% to $116.7 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Shutterfly, Inc. reported adjusted EPS loss of $0.33 per share. By that measure, the company beat the mean analyst estimate of $-0.40. It beat the average revenue estimate of $109.74 million.
Quoting Management: “The first quarter was a solid start to the year, with strong execution across our businesses,” said Jeffrey Housenbold, President and CEO. “Capitalizing on our scale, scope and profitability, we continued to enhance our world-class platform across our four lifestyle brands and invest in early stage customer facing initiatives including Wedding, Enterprise, Treat, Mobile and our new Enhanced Cloud Service. Our acquisition of MyPublisher will enable Shutterfly to engage with new audiences, further extending our footprint in the multi-billion dollar social expression and personal publishing markets.”
Key Stats (on next page)…