Shutterfly Inc. (SFLY), an Internet-based social expression and personal publishing service, Wednesday reported a wider net loss in the first quarter of $12.4 million or $0.33 per share, from $10.9 million or $0.29 per share in the previous year quarter.
Revenues for the quarter were $116.70 million, up 28 percent from $91.29 million in the comparable quarter last year.
On average, analysts polled by Thomson Reuters expected the company to lose $0.40 per share and record revenues of $109.74 million for the quarter.
Looking ahead to the second quarter, the company expects a loss of $0.55 to $0.58 per share and record revenues of $118.0 million to $121.2 million. Analysts currently expect a loss of $0.35 per share on revenues of $119.18 million.
For the full year 2013, the company expects earnings of $0.20 to $0.30 per share on revenues of $776 million to $771 million.
Analysts currently expect earnings of $0.49 per share on revenues of $745.90 million for 2013.
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