Shutterfly Q1 Loss Widens On Higher Expenses - Quick Facts

(RTTNews) - Shutterfly, Inc. (SFLY) reported that its first-quarter net loss widened to $34.21 million or $0.89 per share, from a loss of $12.40 million or $0.33 per share, a year ago. Non-GAAP loss per share was $0.82, for the quarter.

On average, 12 analysts polled by Thomson Reuters expected the company to report a loss per share of $0.94 for the quarter. Analysts' estimates typically exclude special items.

Net revenues increased to $138.00 million from $116.71 million. Analysts expected revenue of $134.53 million for the quarter.

Total operating expenses increased to $99.37 million from $78.82 million.

The company expects its second-quarter net revenues to range from $154.0 million to $158.0 million, and GAAP net loss per share to range from $0.72 to $0.75. Analysts expect the company to report second-quarter loss per share of $0.73 on revenue of $155.74 million.

Shutterfly expects its full year 2014 net revenues to range from $903.0 million to $920.0 million, and GAAP net loss per share to range from $0.38 to $0.15. Analysts expect the company to report full year 2014 loss per share of $0.35 on revenue of $912.03 million.