Shutterfly Earnings: Here’s Why Shares are Up 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 1.7%.
Shutterfly, Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased to $-0.31 in the quarter versus EPS of $-0.27 in the year-earlier quarter.
Revenue: Rose 34.82% to $133.5 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Shutterfly, Inc. reported adjusted EPS loss of $0.31 per share. By that measure, the company beat the mean analyst estimate of $-0.54. It beat the average revenue estimate of $121.99 million.
Quoting Management: “We had a strong second quarter demonstrating continued execution and momentum in our business,” said Jeffrey Housenbold, president and CEO. “We are playing to win, in what we believe are the early stages of large market opportunities and as such, are making investments for both short and long-term success.”
Key Stats (on next page)…