LightInTheBox Holding (LITB) Reports Q2 EPS of $0.00, Beats on Revenues; Offers 3Q Revenue Guidance Above Consensus

LightInTheBox Holding (NYSE: LITB) reported Q2 EPS of $0.00. Revenue for the quarter came in at $78.5 million versus the consensus estimate of $77.04 million.

Business Outlook

For the third quarter of 2017, based on current information available to the Company and business seasonality, the Company expects net revenues to be between $75.0 million and $78.0 million, which represents an increase of 16.5% to 21.2% year-over-year. These forecasts reflect the Company's current and preliminary views on the market and operational conditions, which are subject to change.

GUIDANCE:

LightInTheBox Holding sees Q3 2017 revenue of $75-78 million, versus the consensus of $70.73 million.

Financial Highlights

• Net revenues increased 19.6% year-over-year to $78.5 million, in line with the Company\'s guidance.
• Non-GAAP net income was $0.3 million, compared with non-GAAP net loss of $1.0 million during the same quarter last year.
• For the third quarter of 2017, the Company expects net revenues to be in the range of $75.0 to $78.0 million, representing an increase of 16.5% to 21.2% year-over-year.
• Non-GAAP net income was $0.3 million in the second quarter of 2017, compared with non-GAAP net loss of $1.0 million in the same quarter of 2016.
• Non-GAAP net income per ADS was $0.00 in the second quarter of 2017, compared with non-GAAP net loss per ADS of $0.01 in the same quarter of 2016.

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

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