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Jefferies Remains Sidelined on Shutterfly (SFLY) - PT to $52

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Shutterfly Announces Third Quarter 2016 Financial Results

October 26, 2016 4:02 PM EDT

Third quarter 2016 net revenues increase 12% year-over-year Shutterfly Business Solutions segment revenues increase 47% year-over-year

REDWOOD CITY, Calif.--(BUSINESS WIRE)-- Shutterfly, Inc. (NASDAQ: SFLY), the leading manufacturer and digital retailer of high-quality personalized products and services offered through a family of lifestyle brands, today announced financial results for the third quarter ended September 30, 2016.

We delivered a solid performance in the third quarter led by continued growth in the Shutterfly brand and the Shutterfly Business Solutions segment, said Christopher North, President and Chief... More