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Lakeland slumps 17% after mixed FQ3 results

Dec. 16, 2015 12:59 PM ETLakeland Industries, Inc. (LAKE) StockLAKEBy: Douglas W. House, SA News Editor
  • Thinly traded protective gear maker Lakeland Industries (LAKE -17.4%) slumps on a 4x surge in volume, albeit on turnover of only 410K shares, in response to its fiscal Q3 results.
  • Revenues were up a modest 6% yoy and down almost 16% sequentially. Operating income was up 146% but, again, was down ~44% compared to FQ2 as was net income (up 217% yoy, down ~42% sequentially).
  • Previously: Lakeland Industries reports FQ3 results (Dec. 16)

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