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.
What: Shutterfly
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
Interested in more info on Shutterfly? Add it to your watchlist by clicking here.