Monday, March 11, 5:37 PM
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.
Comment![On the Move, Global & FX, Earnings]
Friday, September 14, 2012, 1:37 PM
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.
Comment![Earnings, On the Move]
Thursday, September 13, 2012, 4:34 PMLakeland Industries (LAKE): Q2 EPS of $0.30 beats by $0.23. Revenue of $23.5M (-9% Y/Y) misses by $1.6M. (PR)