Oct 23 (Reuters) - Shutterfly Inc:
* Restates 2007, 2008 financial statements
* Restatement: additional stock-based compensation expense approx $0.7 million
in 2007
* Restatement: additional stock-based compensation expense approx $1.1 million
in 2008
* Says no impact on 2009 Q1, Q2 financial periods
* Says previous balance sheets for years ended 2007 and 2008 no longer reliable
* To file restated financial statements soon as practicable
* Says restatements due to error in the software application
((New York Equities Desk; tel: +1 646 223 6000))
(For more news about Shutterfly Inc click here:) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
* Restates 2007, 2008 financial statements
* Restatement: additional stock-based compensation expense approx $0.7 million
in 2007
* Restatement: additional stock-based compensation expense approx $1.1 million
in 2008
* Says no impact on 2009 Q1, Q2 financial periods
* Says previous balance sheets for years ended 2007 and 2008 no longer reliable
* To file restated financial statements soon as practicable
* Says restatements due to error in the software application
((New York Equities Desk; tel: +1 646 223 6000))
(For more news about Shutterfly Inc click here:) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.