Shutterfly, Inc. announced earnings results for the fourth quarter and full year ended December 31, 2017. For the quarter, the company reported net Revenue was $593,755,000 against $561,226,000 a year ago. Income from operations was $179,022,000 against $153,793,000 a year ago. Income before income taxes was $170,597,000 against $147,954,000 a year ago. Net income was $111,724,000 against $90,982,000 a year ago. Diluted income per share was $3.37 against $2.63 a year ago.

For the full year, the company reported net Revenue was $1,190,202,000 against $1,134,224,000 a year ago. Income from operations was $61,600,000 against $49,110,000 a year ago. Income before income taxes was $35,245,000 against $26,588,000 a year ago. Net income was $30,085,000 against $15,906,000 a year ago. Diluted income per share was $0.88 against $0.45 a year ago. Net cash provided by operating activities was $239,524,000 against $193,423,000 a year ago. Purchases of property and equipment was $36,745,000 against $56,264,000 a year ago.

The company provides earnings guidance for the first quarter ending March 31, 2018 and twelve months ending Dec. 31, 2018. For the first quarter ending March 31, 2018, the company expects Net revenues to be in low end of $190.0 million to high end of $194.0 million. Operating loss to be in low end of $34.0 million to high end of $32.0 million. Adjusted EBITDA to be in low end of $3.0 million to high end of $5.0 million. Tax rate to be in low end of 26.0% to high end of 26.0%. Basic loss per share to be in low end of $0.96 to high end of $0.92. Amortization of intangible assets to be in low end of $2.4 million to high end of $2.4 million. Depreciation to be in low end of $22.5 million to high end of $22.5 million.

The company provides earnings guidance for the twelve months ending Dec. 31, 2018. The company expects Net revenues to be in low end of $1,220.0 million to high end of $1,260.0 million. Operating loss to be in low end of $115.0 million to high end of $135.0 million. Adjusted EBITDA to be in low end of $260.0 million to high end of $280.0 million. Tax rate to be in low end of 26.0% to high end of 26.0%. Diluted loss per share to be in low end of $1.94 to high end of $2.38. Amortization of intangible assets to be in low end of $6.0 million to high end of $6.0 million. Depreciation to be in low end of $89.0 million to high end of $89.0 million. Capital expenditures to be in low end of $65.0 million to high end of $65.0 million.