Shutterfly (SFLY) Tops Q1 EPS by 9c, Beats on Revenues; Offers FY18 EPS Outlook Above Consensus, FY18 Revenue Outlook Below Consensus

Shutterfly (NASDAQ: SFLY) reported Q1 EPS of ($0.84), $0.09 better than the analyst estimate of ($0.93). Revenue for the quarter came in at $199.73 million versus the consensus estimate of $192.06 million.

On a full-year 2018 basis the Company is updating non-GAAP guidance to the following:

• Non-GAAP revenue ranging from $2.01 billion to $2.06 billion.
• Shutterfly Consumer revenue ranging from $1.02 billion to $1.05 billion.
• Lifetouch nine-month non-GAAP consumer revenue ranging from $780 million to $790 million.
• Shutterfly Business Solutions revenue ranging from $210 million to $220 million.
• Non-GAAP gross margin of 62.4%.
• Non-GAAP Operating Income ranging from $185 million to $206 million.
• Adjusted EBITDA ranging from $390 million to $410 million.
• Non-GAAP earnings per share ranging from $2.83 to $3.28.
• Capital expenditures of $100 million.

GUIDANCE:

Shutterfly sees FY2018 EPS of $2.83-$3.28, versus the consensus of $2.57. Shutterfly sees FY2018 revenue of $2.01-2.06 million, versus the consensus of $2.09 million.

For earnings history and earnings-related data on Shutterfly (SFLY) click here.

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