LightInTheBox Holding (LITB) Reports Q1 EPS of $0.01, Beats on Revenues; Offers Positive Q2 Revenue Guidance

LightInTheBox Holding (NYSE: LITB) reported Q1 EPS of $0.01. Revenue for the quarter came in at $72.7 million versus the consensus estimate of $70.86 million.

GUIDANCE:

LightInTheBox Holding sees Q2 2017 revenue of $76-79 million, versus the consensus of $69.7 million.

Business Outlook

For the second quarter of 2017, based on current information available to the Company and business seasonality, the Company expects net revenues to be between $76.0 million and $79.0 million, which represents an increase of 15.8% to 20.3% year-over-year. These forecasts reflect the Company's current and preliminary views on the market and operational conditions, which are subject to change.

Highlights

• Net revenues increased 8.0% year-over-year to $72.7 million for the first quarter of 2017, above the high end of the Company's guidance of $72.0 million.
• Total operating expenses were $26.8 million for the first quarter of 2017, compared with $27.0 million during the same quarter last year.
• For the second quarter of 2017, the Company expects net revenues to be in the range of $76.0 to $79.0 million, representing an increase of 15.8% to 20.3% year-over-year.

For earnings history and earnings-related data on LightInTheBox Holding (LITB) click here.

You May Also Be Interested In

• Tesla Q2 deliveries reach 480,126, topping estimates of 406,024
• Lucid reports Q2 output, names new CFO and five other leaders
• Lindsay (LNN) Tops Q3 EPS by 18c, Misses on Revenue