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Shutterfly misses 4Q profit forecasts

REDWOOD CITY, Calif. (AP) _ Shutterfly Inc. (SFLY) on Wednesday reported fourth-quarter net income of $131.1 million.

On a per-share basis, the Redwood City, California-based company said it had net income of $3.57.

The results missed Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $3.58 per share.

The online photo company posted revenue of $548.1 million in the period, which topped Street...