Shares of Shutterfly, Inc. (NASDAQ:SFLY) surged to life time high after the company reported strong quarterly results and projected less than estimated loss in the current quarter.
The company reported that it earned $32.51 million, or $1.09 a share in its fourth quarter, up from a year ago quarter profit of $3.29 million, or 10 cents a share.
Revenue grew 26% to $ $166.2 million, topped analyst estimates of $154.5 million.
The company projects to have a loss of 14-17 cents on revenue of $52-$53 million, topping analyst estimates of 17 cents a share on revenue of $52.4 million, according to Thomson Reuters.
The company reported a 33% jump in its its personalized products & services segment revenue.
Shares of SFLY soared 17% to $40.11 after climbing to its life-time high of $40.50.
Shutterfly, Inc. is an Internet-based social expression and personal publishing service that enables consumers to share, print and preserve their memories, through its technology, manufacturing, Web-design and merchandising capabilities.
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