Shutterfly (SFLY) issues downside guidance for Q4. It now sees revenue of $259M-264M vs. prior...

|By:, SA News Editor

Shutterfly (SFLY) issues downside guidance for Q4. It now sees revenue of $259M-264M vs. prior guidance of $270.5M-275.5M; Q4 EBITDA of $84M-88M vs. prior guidance of $96.3M-101.1M. The "uncertain economic environment, combined with heavy competitor discounting throughout the peak holiday shopping season" contributed to the revision. (PR)