Needham & Company Raises Price Target on Shutterfly (SFLY) Following 2Q Results and Guidance

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Shutterfly Announces Second Quarter 2016 Financial Results

July 27, 2016 4:02 PM EDT

Second quarter 2016 net revenues increase 11% year-over-year Shutterfly Business Solutions segment revenues double 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 second quarter ended June 30, 2016.

Were pleased with our second quarter results, said Christopher North, President and CEO. Our performance was led by our flagship Shutterfly brand and continued strength in our SBS business. The... More