LightInTheBox down on quarterly loss

LightInthebox Holding

02/12/2021 15:26

** Shares of online retail co  LITB.N  falls as much as
7.69% to a near three-month low of $1.20
    ** Co reports quarterly loss after experiencing higher
digital advertising costs, as well as operational costs impacted
by rising shipping and delivery cost
    ** Stock last down 2.3%
    ** Co posts Q3 net loss of $6.1 mln vs net income of $7.3
mln a year earlier
    ** Cos Q3 revenue drops to $98.7 mln, from $100 mln a year
earlier
    ** CEO Jian He says challenging global economic conditions
materially affected the quarter's results  urn:newsml:reuters.com:*:nPnbGZ2h3a
    ** LITB down 50% YTD

 (Reporting by Ananya Mariam Rajesh in Bengaluru)
 ((AnanyaMariam.Rajesh@thomsonreuters.com))