Shutterfly (SFLY) Paints Itself Out Of the Picture

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Published

Shutterfly (SFLY) announced that its total revenues were $32.6 million, an increase of 54% over the third quarter 2006. The online photo site had a GAAP net loss per share was ($0.14), as compared to a net loss per share of ($0.70) for the third quarter 2006.

Transacting customers for the quarter totaled 844,000 a 35% increase over the third quarter 2006.

The company’s forecast for Q4 was revenues within the range of $90.5 million to $93.5 million, an increase of 38% to 42% as compared to the fourth quarter of 2006. For the full year revenues will be within the range of $180 million to $183 million, an increase of 46% to 48% as compared to the full year 2006

Analysts had been looking for Q3 revenue of $31 million and EPS of ($.16) and revenue for Q4 of $93 million with EPS of $.67.

The earnings gods were angry with the foecast and sent the shares down 9% after hours to $33.

Douglas A. McIntyre

Photo of Douglas A. McIntyre
About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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