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Shutterfly: 4Q Earnings Snapshot

February 5, 2019

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.

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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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