Shutterfly Inc. Reports Earnings; Shares Trade Down (SFLY)

Shutterfly Inc. GG reports Q2 earnings loss of $0.22 versus estimates of a $0.30 loss. Shutterfly Inc. reports Q2 revenues of $46.8 million versus estimates of $45.23 million. Revenues increased 20% year over year. "Shutterfly continues to gain momentum and enhance our competitive position through our commitment to innovation, design forward products and services, customer friendly policies, industry-leading quality and focused financial discipline," said President and Chief Executive Officer Jeffrey Housenbold. "Strong growth in our personalized products and services during the Mother's Day and Father's Day holidays led to our record Q2 financial performance."