Shutterfly, Inc. Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2017; Provides Earnings Guidance for the Second Quarter and Full Year of 2017
The company provided earnings guidance for the second quarter and full year of 2017. For the second quarter of 2017, the company expects net revenues to range from $205.0 million to $212.0 million, operating loss to range from $24.5 million to $21.0 million, effective tax rate of 38.5%, net loss per share to range from $0.55 to $0.50 and adjusted EBITDA to range from $14.0 million to $17.5 million.
For the full year of 2017, the company expects net revenues to range from $1.135 billion to $1.165 billion, operating income to range from $48.5 million to $68.5 million, effective tax rate of 37.5%, net income per share to range from $0.45 to $0.80, adjusted EBITDA to range from $210.0 million to $230.0 million and capital expenditures to be approximately $75.0 million.