Shutterfly (SFLY) Cuts Q4 Revs, EBITDA Outlook
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Shutterfly, Inc. (Nasdaq: SFLY), has provided preliminary financial information for its fourth quarter ending December 31, 2011.
Based on preliminary, quarter-to-date financial information, Shutterfly now estimates that its fourth quarter 2011 net revenues will range from $259 million to $264 million compared with its previous guidance of $270.5 million to $275.5 million. The Street sees revs of $267.76 million.
In addition, the Company now estimates that its fourth quarter adjusted EBITDA will range from $84 million to $88 million compared with its previous guidance of $96.3 million to $101.1 million.
Based on preliminary, quarter-to-date financial information, Shutterfly now estimates that its fourth quarter 2011 net revenues will range from $259 million to $264 million compared with its previous guidance of $270.5 million to $275.5 million. The Street sees revs of $267.76 million.
In addition, the Company now estimates that its fourth quarter adjusted EBITDA will range from $84 million to $88 million compared with its previous guidance of $96.3 million to $101.1 million.
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