Shutterfly stock jumped almost +4% Friday, following the release of the company’s earnings report.
For the first quarter, the online photo company incurred a loss of -$2.44 per share, compared to analysts' expectations of a wider loss of -$2.53. The company’s revenue of $324.7 million surpassed analysts’ estimates of $323.1 million.
Looking ahead, Shutterfly expects revenue to range between $469 million and $479 million. FactSet analysts expect the figure to be $475 million for the second quarter.
For the full year, the company forecasts that earnings would range between 61 cents and $1.11 per share, on revenue of $2.13 billion to $2.21 billion. Analysts expect the company to generate earnings of 71 cents per share on revenue of $2.17 billion for year.
Sergey Savastiouk, Ph.D. has a degree in Applied Mathematics from Moscow University and has extensive experience as an entrepreneur, investor, manager, and mathematician. His professional expertise is in applied mathematics, mathematical modeling, system and pattern analysis, and software and hardware system integration. He has served as the CEO of several hi-tech start-up companies and nonprofit organizations, which has given him proven capabilities in business strategy for high-tech start-up companies, market assessment, company formation, team building, product development, marketing, and sales. He has published numerous articles in journals and magazines on related fields. As a retail investor, he spent 15 years developing his proprietary trading and quantitative algorithms (now Tickeron’s A.I.), which brought him significant returns in trading the stock market. His current work and goal in founding Tickeron is to bring professional, sophisticated stock market analysis capabilities to retail investors via an easy-to-use interface.
a provider of on-line film and photo retail services
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