Shutterfly (SFLY -9.4%) takes a hit on fallout from yesterday's presentation at Baird's...

|By:, SA News Editor

Shutterfly (SFLY -9.4%) takes a hit on fallout from yesterday's presentation at Baird's technology conference, where the company said it's seeing a significant amount of competitor discounting, which may limit upside for the company. In addition, Shutterfly's management added that it doesn't have any creation app for Apple devices.