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Voices

Shutterfly Slides on Ugly Picture For Q3

in News on July 31, 2008 at 10:56 am PT

Shutterfly (SFLY) shares have dropped to an all-time low after the company issued a 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 to $38 million, but reporting a smaller loss than the 19 to 24 cents the company had forecast.