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Shutterfly projects net loss for fiscal Q1, net income for FY'18

California-based image publishing service Shutterfly Inc. on Jan. 30 said it expects a net loss in the fiscal first quarter, but net income for full year 2018.

Shutterfly expects a fiscal first-quarter net loss of $32 million to $34 million, or 92 cents per share to 96 cents per share. For the full year 2018, the company anticipates operating income between $115 million and $135 million, or $1.94 per share to $2.38 per share.

The photo-based products retailer also posted fiscal fourth-quarter and full-year 2017 results, with fourth-quarter adjusted net income of $102.85 million, or $3.11 per share. Adjusted net income for fiscal full year 2017 totaled $35.83 million, or $1.05 per share.