Shutterfly, Inc. engages in manufacturing and retailing personalized products and services in the United States. The company operates through Consumer and Enterprise segments. It offers a range of personalized photo-based products and services that enable consumers to upload, edit, enhance, organize, find, share, create, print, and preserve their memories. The company also provides photo-based products, such as photo books; cards and stationery; photo gifts; home decor; photo prints comprising wallet 4x6, 5x7, 8x10, square, and large format sizes, including posters and collages; and photo-based merchandise items consisting of mugs, iPhone cases, desktop plaques, candles, pillows, canvas prints, and blankets. In addition, it operates an online cards and stationery boutique that sells announcements, invitations, and personal stationery for every occasion; and cloud services under the Tiny Prints name. Further, it offers personalized save the dates, wedding invitations, thank you cards, and bridal invitations under the Wedding Paper Divas brand; and ThisLife, a service that gathers and organizes photos and videos. Additionally, the company provides MyPublisher, which allows customers to create custom photo books, share memories, and tell their stories using their own photos; BorrowLenses, an online marketplace for photographic and video equipment rentals; and Groovebook, a mobile photo book application subscription service that sends customers a keepsake book of their mobile photos each month. It also engages in the advertising and sponsorship activities; and printing and shipping of direct marketing and other variable data print products and formats, as well as operates Share sites, a share platform. The company was founded in 1999 and is headquartered in Redwood City, California.
Shutterfly reports 3Q loss REDWOOD CITY, Calif. (AP) _ Shutterfly Inc. (SFLY) on Wednesday reported a loss of $29.2 million in its third quarter. On a per-share basis, the Redwood City, California-based company said it had a loss of 86 cents. The results beat Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for a loss of 96 cents per share. The online photo company posted revenue of $187.3 million in the period, also exceeding Street forecasts. Five analysts surveyed by Zacks expected $183.5 million. For the current quarter ending in December, Shutterfly said it expects revenue in the range of $557 million to $587 million. Analysts surveyed by Zacks had expected revenue of $586 million. The company expects full-year earnings to be 40 cents to 66 cents per share, with revenue ranging from $1.13 billion to $1.16 billion. Shutterfly shares have dropped nearly 6 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $42.07, a climb of 8 percent in the last 12 months.
