LightInTheBox Expects Q4 Revenue Between $130M And $145M, Company May Repurchase Up To $10M Of Its Ordinary Shares In the Form Of ADSs No Later Than December 31, 2023
Portfolio Pulse from Benzinga Newsdesk
LightInTheBox anticipates Q4 revenue to be in the range of $130M to $145M. Additionally, the company has announced a share repurchase program, planning to buy back up to $10M of its ordinary shares in the form of ADSs by the end of 2023.

November 28, 2023 | 11:09 am
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LightInTheBox expects Q4 revenue to be between $130M and $145M and may repurchase up to $10M of its ADSs by December 31, 2023.
The revenue guidance provided by LightInTheBox is a critical piece of information for investors as it helps in setting expectations for the company's performance. The share repurchase program is generally viewed positively by the market as it can indicate that the company believes its shares are undervalued and it can also help in earnings per share accretion. Both announcements are likely to have a positive short term impact on the stock price, assuming the market conditions do not change drastically.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100