LightInTheBox Holding (LITB) Misses Q3 EPS by 1c
LightInTheBox Holding (NYSE: LITB) reported Q3 EPS of ($0.03), $0.01 worse than the analyst estimate of ($0.02). Revenue for the quarter came in at $64.4 million versus the consensus estimate of $62.97 million.
Mr. Alan Guo, Chairman and CEO of LightInTheBox, commented, "We are pleased that we once again beat guidance with revenues coming in at $64.4 million, above our range of $61 million to $63 million. As a recent development, we were also pleased to see our Black Friday sales increase 10% year-over-year, attributable to our continuous improvement of supply chain and customer satisfaction as well as our initiatives to regain sales growth momentum. In early November we unveiled our new cloud computing strategy with the launch of a cloud-based enterprise resource planning Software-As-A-Service solution for online and offline distribution companies."
For earnings history and earnings-related data on LightInTheBox Holding (LITB) click here.
