Shutterfly falls 9% AH on weak guidance

|By:, SA News Editor

Shares of Shutterfly (SFLYplunge 9.1% AH after the company beat expectations in Q3 but issued guidance well below consensus.

Consumer revenue grew 25% Y/Y to $112.7M, while enterprise revenue was up 22% to $10M.

Gross margin fell 2% from Q3 2012 to 42%.

Management guides for Q4 revenue of $392.1M-$405.1M (vs. consensus of $414.7M) and EPS of $0.95-$1.11 ($1.45).

PR, conference call at 5pm ET