Shutterfly, Inc. announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2016. For the quarter, the company reported net revenues of $203,961,000 against $183,879,000 a year ago. Loss from operations was $21,075,000 against $28,392,000 a year ago. Loss before income taxes was $26,608,000 against $33,257,000 a year ago. Net loss was $45,921,000 or 40.48 basic and diluted per share against $23,777,000 or $0.63 basic and diluted per share a year ago. Non-GAAP operating loss was $5,077,000 against $5,342,000 a year ago. Non-GAAP adjusted EBITDA was $18,206,000 against non-GAAP adjusted LBITDA of $871,000 a year ago. Net cash provided by operating activities was $16,916,000 against $22,171,000 a year ago. Purchases of property and equipment were $22,005,000 against $17,199,000 a year ago.

For the six months, the company reported net revenues of $385,670,000 against $343,857,000 a year ago. Loss from operations was $62,889,000 against $74,616,000 a year ago. Loss before income taxes was $73,976,000 against $84,115,000 a year ago. Net loss was $45,921,000 or $1.34 basic and diluted per share against $68,880,000 or $1.82 basic and diluted per share a year ago. Net cash used in operating activities was $67,007,000 against $85,560,000 a year ago. Purchases of property and equipment were $33,067,000 against $28,935,000 a year ago.

The company provided earnings guidance for the third quarter ending September 30, 2016 and full year ending December 31, 2016. For the quarter, the company expects net revenues in between $179.2 million to $185.9 million, GAAP gross profit margin in between 36.7% to 37.8%, GAAP operating loss in between $47.7 million to $44.2 million, adjusted EBITDA in between $4.0 million to $1.0 million, tax rate in the range of 39.5% to 38.5% and basic net income per share in the range of $0.97 to $0.90.

For the year, the company expects net revenues in between to $1,130.0 million to $1,160.0 million, GAAP gross profit margin in between 51.3% to 51.7%, GAAP operating income in between $40.8 million to $55.6 million, adjusted EBITDA in between $210.0 million to $222.0 million, capital expenditures in between $80.0 million to $90.0 million and free cash flow in between $130.0 million to $132.9, tax rate of 38.5% and diluted net income per share in the range of $0.31 to $0.58.