Shutterfly Q4 Profit Declines; Issues Q1 Outlook - Quicki Facts

(RTTNews) - Shutterfly Inc. (SFLY) , a provider of digital personalized photo products, Wednesday reported fourth-quarter net income of $43.6 million or $1.10 per share, compared to $53.0 million or $1.40 per share last year.

Excluding items, adjusted earnings for the quarter were $47.5 million or $1.20 per share.

Revenues for the quarter were up 17% at $410.79 million compared with $351.78 million in the prior year.

Analysts polled by Thomson Reuters expected the company to earn $1.07 per share on revenues of $406.26 million for the quarter. Analysts' estimates typically exclude special items.

Looking ahead to the first quarter, the company expects net loss of $0.93 to $0.99 per share, adjusted loss of $0.86 to $0.92 per share and revenues of $132.0 million to $135.0 million. Analysts expect earnings of $0.42 per share on revenues of $138.35 million.

For the full year 2014, the company expects net loss of $0.27 to $0.55 per share, adjusted loss of $0.02 to $0.28 per share and revenues of $900.0 million to $920.0 million. Analysts expect earnings of $0.33 per share on revenues of $909.86 million for the year.