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Shutterfly, Inc.

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Shutterfly’s fourth-quarter 2015 earnings of $3.45 per share missed the Zacks Consensus Estimate by 3.6%, but increased the prior-year quarter earnings by 34.2% on higher top line and improved margin. Net revenue increased 13% year over year to $548.1 million and beat the consensus mark by 0.8% primarily supported by strong performance by both the Consumer and Enterprise segments. The company’s acquisitions, improved offerings in the growing mobile e-Commerce segment, aggressive promotions and easy-to-use products have been driving revenues. Personalized print products continue to do well, driven largely by aggressive promotions, affordable prices and simplicity of usage. However, higher costs related to strategic initiatives to streamline its business remain a headwind.

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