China's LightInTheBox soars on strong revenue forecast

LightInthebox Holding

19/08/2020 11:54

** U.S.-listed shares of Chinese e-commerce firm  LITB.N  up
29% at $3.69 premarket
    ** LightInTheBox expects Q3 net revenue in range of $95 mln
to $110 mln, an increase between 59% and 83% from a year earlier
    ** Co's total revenue nearly doubles in Q2 and also posts
profit compared with a loss a year earlier, helped by higher
sales of high-margin products
    ** LITB sells apparel, phone accessories, toys and
home-furnishing products across its e-commerce websites
 urn:newsml:reuters.com:*:nPn9j5Wz3a
    ** As of last close, shares have nearly tripled this year

 (Reporting by Praveen Paramasivam in Bengaluru)
 ((Praveen.Paramasivam@thomsonreuters.com; within U.S. +1 646
223 8780 (Extn. 3478), outside U.S. +91  80 6182 3478;))