Shutterfly, Inc. (SFLY) Announces Second Quarter Results – Stock Price Falls to a New 52-Week Low
Shutterfly, Inc. (NASDAQ: SFLY), an Internet-based social expression and personal publishing service that provides high-quality products and world-class services to allow consumers to preserve their digital photos in a creative and thoughtful manner, recently announced the company’s second quarter results and outlook for the remainder of 2008. Shares of Shutterfly, Inc. dropped to a new 52-week low late last week after the company reported second quarter 2008 financial results for the period ended June 30, 2008. Net revenues totaled $35.4 million for the quarter, or 19 percent increase during the same time period last year. GAAP net loss per diluted…