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More on Shutterfly's Q1: Growth was driven by a 72% Y/Y increase in sales of personalized...

More on Shutterfly's Q1: Growth was driven by a 72% Y/Y increase in sales of personalized products (77% of revenue) such as photo books and cards, offsetting weak consumer print sales. Shutterfly brand customers +18% Y/Y to 1.6M, average order value -8% to $24.60. The company expects Q2 revenue of $90M-$92M and 2012 revenue of $576M-$586M, above Street estimates of $88.4M and $556.3M. SFLY +10.4% AH. (PR)
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