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Shutterfly CFO departs; Q4 guidance mixed

Oct. 27, 2015 6:17 PM ETShutterfly, Inc. (SFLY) StockBy: Eric Jhonsa, SA News Editor
  • In tandem with its Q3 report, Shutterfly (NASDAQ:SFLY) announces CFO Brian Regan is leaving the company, effective Nov. 6. Fortune states Regan is joining P-E firm Spectrum Equity. Mike Pope, formerly the CFO of Clean Power Finance, will replace Regan.
  • Q4 sales guidance of $528.7M-$548.7M (+9.4%-13.5% Y/Y) is largely below a $546.9M consensus. However, GAAP EPS guidance of $3.46-$3.64 is above a $3.09 consensus. Gross margin is expected to be in a range of 59.2%-59.9%.
  • Shares haven't yet moved after hours. They fell 2.6% in regular trading ahead of the Q3 report.
  • Q3 results, PR

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