LightInTheBox jumps after swinging to quarterly profit

LightInthebox Holding

30/03/2022 12:45

** Shares of online retailer  LITB.N  up 10.6% at $1.25
premarket - set to open at over one-month high   
    ** LITB swings to Q4 profit of $8.7 mln, compared with a
loss of $3.2 mln a year ago, as co benefits from its focus on
higher margin categories like apparel  urn:newsml:reuters.com:*:nPn145pLHa
    ** Co's Q4 gross margin rose to 47.2% from 44.9%; reports Q4
EPS of $0.04, compared with a loss of $0.01 last year
    ** Stock down nearly 60% in last 12 months 

 (Reporting by Uday Sampath in Bengaluru)
 ((UdaySampath.Kumar@thomsonreuters.com; within U.S.+1 646 223
8780; Twitter: https://twitter.com/sampath_uday  ;))