BofA/Merrill Lynch Downgrades Shutterfly Inc. (SFLY) to Neutral

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Shutterfly Announces Fourth Quarter and Full Year 2015 Financial Results

February 3, 2016 4:02 PM EST

Fourth Quarter 2015 net revenues increase 13% year-over-year to $548.1 million Full Year 2015 net revenues increase 15% year-over-year to $1.06 billion Full Year Consumer segment revenues up 10% Full Year Enterprise segment revenues up 94% Record Full Year Free Cash Flow of $110.6 million, a 45% increase year-over-year Record Full Year adjusted EBITDA of $192.0 million, a 15% increase year-over-year Full Year Free Cash Flow per share of $3.01 per share, 51% increase year-over-year

REDWOOD CITY, Calif.--(BUSINESS... More