Last $43.87 USD
Change Today -0.61 / -1.37%
Volume 255.7K
As of 8:10 PM 01/30/15 All times are local (Market data is delayed by at least 15 minutes).

shutterfly inc (SFLY) Key Developments

Shutterfly, Inc. Presents at RBC Capital Markets' Technology, Internet, Media & Telecommunications Conference, Nov-10-2014 03:30 PM

Shutterfly, Inc. Presents at RBC Capital Markets' Technology, Internet, Media & Telecommunications Conference, Nov-10-2014 03:30 PM. Venue: Westin Times Square, 270 West 43rd Street, New York, New York, United States. Speakers: Michael Look, Vice President of Investor Relations.

Shutterfly Inc. Names Satish Menon as Senior Vice President and Chief Technology Officer

Shutterfly Inc. announced it has appointed Satish Menon as senior vice president and chief technology officer. Menon brings more than 25 years of technology experience to his position. Most recently he was chief executive officer of a technology incubator (UV Labs) and chief technology officer of University Ventures. Prior to that, Menon was chief technology officer at Apollo Education Group and held executive positions at Yahoo Inc., Kasenna Inc. and Silicon Graphics.

Shutterfly Seeks Acquisition

Shutterfly, Inc. (NasdaqGS:SFLY) has $300 million of additional capital. The capital has been used for repurchase of shares, buying BorrowLenses and MyPublisher. Shutterfly intends to use reamining for future acquisitions and share repurchase.

Shutterfly, Inc. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014; Provides Earnings Guidance for the Fourth Quarter and Full Year of 2014

Shutterfly, Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, net revenue was $142.008 million against $122.685 million a year ago. Loss from operations was $48.927 million against $34.622 million a year ago. Loss before income taxes was $53.206 million against $38.092 million a year ago. Net loss was $46.244 million or $1.20 per diluted share against $10.148 million or $0.27 per diluted share a year ago. Non-GAAP operating loss was $26.609 million against $12.451 million a year ago. Non-GAAP adjusted LBITDA was $9.724 million against $1.067 million a year ago. Free cash flow was $34.577 million against $25.717 million a year ago. Non-GAAP net loss was $43.204 million or $1.12 per diluted share against $8.975 million or $0.24 per diluted share a year ago. For the nine months, net revenue was $438.255 million against $372.854 million a year ago. Loss from operations was $114.235 million against $82.519 million a year ago. Loss before income taxes was $126.036 million against $88.022 million a year ago. Net loss was $107.510 million or $2.79 per diluted share against $34.364 million or $0.92 per diluted share a year ago. Net cash used in operating activities was $93.041 million against $71.272 million a year ago. Purchases of property and equipment was $56.872 million against $48.550 million a year ago. For the fourth quarter of 2014, the company expects net revenues to range from $466.7 million to $481.7 million, a year-over-year increase of 13.6% to 17.3%. GAAP gross profit margin to range from 57.5% to 59.1% of net revenues. Non-GAAP gross profit margin to range from 58.2% to 59.9% of net revenues. GAAP operating income to range from $113.3 million to $126.2 million. Non-GAAP operating income to range from $139.5 million to $151.8 million. GAAP effective tax rate to range from 13.9% to 14.6%. GAAP net income per share to range from $2.35 to $2.60. Adjusted EBITDA to range from $158.9 million to $170.8 million. For the full year of 2014, the company expects net revenues to range from $905.0 million to $920.0 million, a year-over-year increase of 15.5% to 17.4%. GAAP gross profit margin to range from 50.5% to 51.5% of net revenues. Non-GAAP gross profit margin to range from 52.1% to 53.1% of net revenues. GAAP operating income/(loss) to range from ($0.9) million to $12.0 million. Non-GAAP operating income to range from $95.6 million to $108.0 million. GAAP effective tax rate to range from 16.5% to 20.0%. GAAP net loss per share to range from $0.36 to $0.09. Adjusted EBITDA to range from $161.1 million to $173.0 million, or 17.8% to 18.8% of net revenues. Capital expenditures to range from 9.5% to 10.5% of net revenues.

Silver Lake Reportedly Decided to Shelve Bid for Shutterfly, Snapfish

Silver Lake has shelved an attempt to acquire and combine Shutterfly, Inc. (NasdaqGS:SFLY) and Snapfish, after it failed to reach a deal by October 10’s deadline, Bloomberg reported citing person with knowledge of the matter. Silver Lake decided against buying Snapfish from Hewlett-Packard Company (NYSE:HPQ) after performing due diligence. While Silver Lake also decided not to pursue a deal with Shutterfly by the company’s deadline, Silver Lake is still open to returning to talks. Sarah Pompei, a spokeswoman for Hewlett-Packard, declined to comment. Gretchen Sloan, a spokeswoman for Shutterfly, didn’t return a call seeking comment. Shutterfly fell 2.5% to $46.96 a share in New York on October 10, 2014.

 

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