LightInTheBox Holding (LITB) Misses Q3 EPS by 3c, Miss on Revenues; Offers 4Q17 Revenue Guidance

LightInTheBox Holding (NYSE: LITB) reported Q3 EPS of ($0.02), $0.03 worse than the analyst estimate of $0.01. Revenue for the quarter came in at $77.1 million versus the consensus estimate of $78.49 million.

Business Outlook

For the fourth quarter of 2017, based on current information available to the Company and business seasonality, the Company expects net revenues to be between $97 million and $100 million, which represents an increase of approximately 2% to 5% 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 Q4 2017 revenue of $97-100 million.

Financial and Operational Highlights

• Net revenues increased 19.8% year-over-year to $77.1 million, at the higher end of the Company\'s guidance
• Sales made through mobile devices increased 53.7% year-over-year. Sales made through the Company\'s mobile app increased 119.8% year-over-year
• Fulfillment expenses as a percentage of revenues decreased to 5.4% from 6.0% during the same period last year
• General and Administrative expenses as a percentage of revenues decreased to 8.6% from 12.2% during the same period last year
• Net loss was $1.8 million compared to $2.3 million during the same period last year

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

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