Shutterfly Slides on Ugly Picture For Q3

Shutterfly (SFLY) shares have dropped to an all-time low after issuing disappointing Q3 guidance.

The online photo service–oops, I’m sorry, it’s “an Internet-based social expression and personal publishing service”–posted Q2 revenue of $35.4 million and a GAAP loss of 16 cents a share, coming in at the low end of its revenue guidance range of $35 million to $38 million, but reporting a smaller loss than the 19 to 24 cents the company had forecast.

For Q3, the company sees revenue of $33 million to $36 million, with a GAAP loss of 15 to 30 cents a share, and a non-GAAP loss of 25 to 30 cents. The Street had been looking for $39.7 million in revenue and a non-GAAP loss of 15 cents.

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