Lakeland Industries Slips on Swing to 2Q Loss, Revenue Decline

Dow Jones
5 hours ago
 
 

Shares of Lakeland Industries fell after the safety-gear maker swung to a second-quarter loss and reported a larger revenue decline than analysts were expecting.

The stock slid 16%, to $9.25, midday Thursday, but has gained 4.6% this year.

The Huntsville, Ala., company on Wednesday reported a loss of $4.9 million, or 50 cents a share, compared with a profit of $766,000, or 8 cents a share, a year earlier.

Revenue fell to $50.1 million from $52.5 million.

Analysts polled by FactSet were expecting a loss of 7 cents a share on $51.4 million in revenue.

Chief Executive Officer Jim Jenkins said the company expects to return to more consistent growth beginning in the second half of the year.

 
 

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10