LightInTheBox (LITB) Tops Q1 EPS by 3c; Guides Q2 Revenue Below Expectations
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LightInTheBox Reports First Quarter 2015 Financial Results
June 5, 2015 6:03 AM EDTBEIJING, June 5, 2015 /PRNewswire/ -- LightInTheBox Holding Co., Ltd. (NYSE: LITB) ("LightInTheBox" or the "Company"), a global online retail company that delivers products directly to consumers around the world, today announced its unaudited financial results for the first quarter ended March 31, 2015.
First Quarter 2015 Highlights
Net revenues were $87.6 million, an increase of 7.4% year-over-year. Excluding an $11.7 million year-over-year unfavorable foreign exchange impact, non-GAAP net revenues were $99.3 million, up from non-GAAP net revenues of $81.7 million in the first quarter of 2014 Revenues from North America increased by 36.2% year-over-year to $22.3... More