Shutterfly (SFLY $26.67 +1.57) has rallied in recent activity for over 2 points and is well off its session low following downside guidance this morning.
Earlier, the company guided fourth quarter revenues in the range of $259 million to $264 million versus the $268.11 million Capital IQ Consensus Estimate and below prior gidance of $270.5 million to $275.5 million. In addition, the company now estimates that its fourth quarter adjusted EBITDA will range from $84-88 mln compared with its previous guidance of $96.3 million to $101.1 million.






