Lakeland Industries (LAKE) reports several material developments including: lower than expected...

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

Lakeland Industries (LAKE) reports several material developments including: lower than expected sales in Brazil coupled with an $11.5M goodwill impairment charge for the quarter resulting in anticipated operating loss in the region, and a potential default on its line of credit with TD Bank. Shares -23% AH.