LightInTheBox Up 20%, Boosts Revenue Outlook By 2%
LightInTheBox (NYSE: LITB) jumped 20 percent after the company boosted its second quarter guidance by about two percent.
The Beijing-based online retailer now expects revenue for the period in a range between $86 million to $88 million, up from an earlier range of $84 million to $86 million.
The outlook suggests revenue for the period will grow 19 percent to 22 percent from the same period in 2013, and Chief Executive Alan Guo said he's "encouraged by the better-than-expected results."
LightInTheBox posted a first-quarter loss of $0.09 per share on revenue of $81.5 million. The year-earlier loss was $0.12 per share on revenue of $78.8 million.
Shares traded recently at $6.13, up 19.96 percent.
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