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Stock Trading Blog 2 May 2008

2 May 2008

Raises Guidance, Stock Sharply Lower On Weak Outlook

Posted by James Breen at 5/2/2008 10:08:00 PM

I come now to the most interesting of these questions of online stock trading which I have constantly been asked for years. When I read this article, I realize I won't ever be disappointed.

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Shutterfly (SFLY) shares, which traded off Wednesday and then rebounded modestly in after hours trading, are sharply lower this morning following disappointing first quarter results and a disappointing outlook. As I noted yesterday, the company's Q1 revenues were short of expectations, and the company provided disappointing guidance for both the second quarter and all of 2008. The company posted Q1 revenue of $34.3 million, short of the Street consensus of $35.61 million; Shutterfly lost 15 ..>>.

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Posted at 22:8 0 comments


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