Revenue Update on Lightinthebox Holding Co Ltd-ADR(NYSE:LITB)

Lightinthebox Holding Co Ltd-ADR(NYSE:LITB) announced the earnings results for Fiscal Year 2016 and Q1. The results came in during Pre-market on Jun 13, 2016. Company reported revenue of $67.30M. Analysts estimated a revenue of $66.83M. Earnings per share were $0.02. Analysts had estimated an EPS of $-0.05.

Lightinthebox Holding Co Ltd-ADR (LITB) made into the market gainers list on Fridays trading session with the shares advancing 7.52% or 0.2 points. Due to strong positive momentum, the stock ended at $2.86, which is also near the day’s high of $2.88. The stock began the session at $2.62 and the volume stood at 1,32,123 shares. The 52-week high of the shares is $5.7 and the 52 week low is $1.95. The company has a current market capitalization of $213 M and it has 7,45,50,543 shares in outstanding.

LightInTheBox Holding Co. Ltd. (LightInTheBox) is a global online retail company that delivers products directly to consumers around the world. The Company offers customers a range of products through and its other Websites as well as mobile applications which are available in 27 languages. As of December 31 2014 the Company had more than 764000 product listings. The Company has additional Websites for more specific products and geographic regions including for products targeting its Chinese customer base. The Company’s product offerings include Apparel and Other general merchandise. Apparel category includes customized special occasion apparel and fast fashion. The Company’s Other general merchandise category includes small accessories and gadgets home and garden electronics and communication devices and other products.

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