Lightinthebox Holding Ltd ADR Down 1.07% To $1.39 After Earnings

Friday, May 26, 2023 - Lightinthebox Holding Ltd ADR (LITB) reported downside earnings and upside revenues.

Lightinthebox Holding Ltd ADR's earnings came in at an EPS loss of $0.03 per share. The firm's loss per share narrowed by 40% since reporting a loss of $0.05 per share a year ago.

Lightinthebox Holding Ltd ADR Q1 2023 revenue came in at $147.8 million. The company achieved 58% growth year-over-year compared to the firm's revenue of $93.8 million from the year-ago quarter. The lower earnings growth relative to revenue signals Lightinthebox Holding Ltd ADR has not been able to improve its profit margin.

The stock is down 1.07% to $1.39 after the report.

Despite revenues increasing, earnings decreased, signaling a decline in profit margins.

InvestorsObserver gives the stock a Bullish Sentiment score at the moment based on recent trading.

Lightinthebox Holding Ltd ADR has been a strong performer over the past few months, garnering a high Long-Term Technical Rank by InvestorsObserver of 92, putting Lightinthebox Holding Ltd ADR in the top 25% of stocks. The firm was recently trading at a 52-week high of $1.88 on April 4, 2023 and set a 52-week low on October 24, 2022 at $0.73.

LightInTheBox Holding Co Ltd is an online retail company delivering products directly to consumers across the world. It provides apparel products including customized, special occasion and fast fashion apparel products; and other general merchandise products, such as accessories and gadgets, home and garden products, electronics and communication devices, and other products. The company is engaged in product sales which consisted of online retailing of consumer products. It also provides services which consisted of the provision of logistic services to e-commerce retailers and small businesses. Geographically, it operates in Europe which is the key revenue driver, North America, and other countries.