Shutterfly Inc Issues Q1 2013 Guidance; EBITDA Guidance Below Analysts' Estimates; Issues FY 2013 Revenue Guidance Above Analysts' Estimates-Conference Call

Shutterfly Inc announced that for the first quarter of 2013, it expects net revenues to range from $107.2 million to $110 million, GAAP operating loss to range from $26.8 million to $27.8 million, non-GAAP operating loss to range from ($9.4) million to ($10.4) million and adjusted EBITDA to range between a loss of $2.5 million to a loss of $3.5 million, and GAAP net loss per share to range from a loss of $0.39 to a loss of $0.42 per share based on approximately 36.8 million weighted average common shares. For fiscal 2013, it expects net revenues to range from $739.7 million to $746 million, GAAP operating income to range from approximately $25 million to $35 million, non-GAAP operating income to range from $91.7 million to $101.7 million and GAAP net income per share to range from $0.38 to $0.51 per share based on 38.4 million weighted average diluted shares and adjusted EBITDA to range from $133.1 million to $141.7 million. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $108.7 million and EBITDA of $1.6 million for the first quarter of 2013; revenues of $707.8 million for fiscal 2013.