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Shutterfly Inc. (SFLY) Has Broken Out To A New High On Q4 Results

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Shutterfly Inc. (SFLY: Quote) reported fourth quarter net income of $1.40 per share after the close Tuesday, up from $0.97 per share a year ago. The consensus estimate was for EPS of $1.01. The company expects to report a first quarter EPS loss of $0.39 to $0.42 and a profit between $0.38 and $0.51 for the full year 2013. The consensus estimates are for a loss of $0.32 and a profit of $0.47.

Shutterfly gapped open sharply higher Wednesday and is now up 6.35 at $39.94 on strong volume. The stock has broken out to a new high for the year.

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by RTT Staff Writer

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