Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
So what: Shutterfly's report was bullish from every angle. Earnings for the quarter came in at $1.09 on revenue of $166.2 million versus Street expectations of $0.95 on revenue of $154.5 million. The company highlighted that a staggering 72% of revenue came from repeat customers on the back of a 21% jump in orders. The company wasn't finished however, raising full-year EPS and revenue guidance for fiscal 2011.
Now what: Today's results simply reinforce Shutterfly's dominance in the photofinishing space. Shutterfly has done a considerably better job retaining customers and getting them to spend more than its competitors. Rivals Eastman Kodak
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