LightInTheBox Sees Q2 Revenue Of $60M - $70M Vs. $77.08M Est.
Portfolio Pulse from Benzinga Newsdesk
LightInTheBox (LITB) has announced its Q2 revenue forecast to be between $60 million and $70 million, which is below the estimated $77.08 million.
May 28, 2024 | 10:23 am
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LightInTheBox (LITB) has announced its Q2 revenue forecast to be between $60 million and $70 million, which is below the estimated $77.08 million. This shortfall may negatively impact investor sentiment and the stock price in the short term.
The revenue forecast falling short of estimates is likely to lead to negative investor sentiment, which could result in a decline in the stock price. The significant gap between the forecast and the estimate underscores potential challenges the company may be facing.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100