LightInTheBox: Shines as co swings to quarterly profit

LightInthebox Holding

19/06/2020 12:45

** E-commerce company's shares  LITB.N  jump 46.4% to $1.31
in premarket trade; set to snap two straight sessions of losses
    ** Co reports Q1 net income of $621,000, compared to a loss
of $14.1 mln in the year-ago quarter
    ** Total revenue increases 1.3% y/y to $51.5 mln, driven by
product sales, services  urn:newsml:reuters.com:*:nPn4BWZmHa
    ** Co expects net revenue to be between $105 mln and $120
mln in Q2
    ** Co says it has started to see certain product categories
regain strong growth momentum towards the end of the second
quarter as global markets start reopening
    ** Stock down 14.8% this year, as of last close

 (Reporting by Arundhati Sarkar in Bengaluru)
 ((Arundhati.Sarkar@thomsonreuters.com))