LightInTheBox Holding Q2 EPS $0.01 Up From $(0.01) YoY, Sales $69.36M Down From $191.77M YoY
Portfolio Pulse from Benzinga Newsdesk
LightInTheBox Holding (NYSE:LITB) reported Q2 earnings of $0.01 per share, a 200% increase from $(0.01) per share YoY. However, sales dropped 63.83% to $69.36 million from $191.77 million YoY.
August 02, 2024 | 11:11 am
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NEUTRAL IMPACT
LightInTheBox Holding reported a significant improvement in EPS, moving from a loss of $(0.01) to a profit of $0.01. However, the company experienced a substantial decline in sales, dropping 63.83% YoY.
The improvement in EPS is a positive sign, indicating better profitability. However, the sharp decline in sales is concerning and could offset the positive EPS impact. Investors may have mixed reactions, leading to a neutral short-term price impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100