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.