Shutterfly (SFLY) Tops Q3 EPS by 27c, Revenues Miss; Lowers Q4 EPS/Revenue Outlook Below Consensus
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Shutterfly Announces Third Quarter 2018 Financial Results
October 30, 2018 4:02 PM EDTREDWOOD CITY, Calif.--(BUSINESS WIRE)-- Shutterfly, Inc. (NASDAQ: SFLY), the leading retailer and manufacturing platform dedicated to helping capture, preserve, and share lifes important moments, today announced financial results for the third quarter ended September30, 2018.
With the closing of the Lifetouch acquisition earlier this year, Shutterfly, Inc. now encompasses a portfolio of large, industry-leading businesses with loyal customers and significant cash flow, said Christopher North, President and Chief Executive Officer. Thanks to the Lifetouch acquisition, our non-GAAP net revenues increased 91% year-over-year. We have large opportunities to create shareholder value through organic growth,... More
