Shutterfly: 4Q Earnings Snapshot
REDWOOD CITY, Calif. (AP) _ Shutterfly Inc. (SFLY) on Tuesday reported fourth-quarter net income of $177.6 million.
On a per-share basis, the Redwood City, California-based company said it had profit of $5.19. Earnings, adjusted for pretax expenses and non-recurring costs, came to $5.47 per share.
The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $5.28 per share.
The online photo company posted revenue of $950 million in the period, falling short of Street forecasts. Four analysts surveyed by Zacks expected $955.6 million.
For the year, the company reported profit of $50.4 million, or $1.45 per share. Revenue was reported as $1.96 billion.
For the current quarter ending in April, Shutterfly said it expects revenue in the range of $317 million to $328 million. Analysts surveyed by Zacks had expected revenue of $979.8 million.
The company expects full-year earnings to be 55 cents to $1.06 per share, with revenue ranging from $2.13 billion to $2.21 billion.
Shutterfly shares have risen 12 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $45.22, a decrease of 37 percent in the last 12 months.