LightInTheBox Holding (LITB) Boosts Q3 Revs Outlook Ahead of Views

LightInTheBox Holding (NYSE: LITB) announced that it is raising net revenues guidance for the third quarter of 2014 to be between US$94 million and US$96 million from the previously announced net revenues guidance of US$92 million to US$94 million. This represents a year-over-year increase of 38% to 41% from the same period in 2013.

*** The Street is looking for Q3 revs of $93.7 million.

"Net revenues growth re-accelerated at a faster pace than we expected during the third quarter of 2014 as we increasingly benefit from the strategic plan we have been implementing over the past few quarters. We will continue to focus on executing our strategy as we work to enhance customer experience. We look forward to updating the market on the progress we have made during our third quarter 2014 earnings conference call," commented Mr. Alan Guo, Chairman and CEO of LightInTheBox.

This higher guidance reflects the Company's preliminary views on its performance in the third quarter of 2014 and is subject to change.

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