Lakeland Industries (LAKE -5%) slips after reporting a Q2 that beat on a per share basis, but...

|About: Lakeland Industries, Inc. (LAKE)|By:, SA News Editor

Lakeland Industries (LAKE -5%) slips after reporting a Q2 that beat on a per share basis, but came up short on revenue due declining sales and settlement charges. The company says it will pay $8.5M in a settlement reached in its Brazilian arbitration, with total costs estimated at $7.9M. The company also says it's begun evaluating strategic alternatives.