On Wednesday, Shutterfly, Inc. (NASDAQ: SFLY) posted a wider third-quarter loss that missed Wall Street's expectations and offered an outlook below consensus views.
The Redwood City, California-based social media company lost nearly 4 percent in the extended session recently, trading at $39.56 a share.
Shutterfly, whose shares got hammered earlier this month on reports that private equity buyer Silver Lake pulled out of buyout talks, forecast fourth-quarter net income of $2.35 to $2.60 a share, on revenues between $466.7 million and $481.7 million.
The mid-point of that forecast is below analysts' expectation for fourth-quarter income of $2.54 a share on revenue of $477.98 million.
In the recent quarter, Shutterfly's gross profit margin narrowed to 36.8 percent of revenue, from 41.9 percent a year earlier.
Customers grew 6 percent in the recent period to 2.5 million, while orders increased 7 percent to 4.2 million.
The company's third-quarter net loss widened to $46.24 million, or $1.20 a share, from $10.15 million, or $0.27 a share a year earlier.
Revenue grew to $142 million from $122.69 million last year.
Wall Street expected a loss of $1.17 a share on revenue of $143.61 million.
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