LightInTheBox Holding Q1 EPS $(0.03), Same YoY, Sales $71.17M Down From $147.78M YoY
Portfolio Pulse from Benzinga Newsdesk
LightInTheBox Holding (NYSE:LITB) reported Q1 earnings per share (EPS) of $(0.03), unchanged from the same period last year. However, sales dropped significantly by 51.84% to $71.17 million from $147.78 million year-over-year.
May 28, 2024 | 10:21 am
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LightInTheBox Holding reported Q1 EPS of $(0.03), unchanged from last year, but sales dropped by 51.84% to $71.17 million. This significant decline in revenue could negatively impact the stock price in the short term.
The unchanged EPS indicates stable profitability, but the drastic drop in sales suggests a significant decline in business performance. This is likely to concern investors and lead to a short-term decrease in the stock price.
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IMPORTANCE 80
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