◆ NeutralLAKE
Lakeland Industries (LAKE) Reports Q2 Loss, Tops Revenue Estimates
Zacks Investment Research·
Lakeland Industries reported a quarterly loss of $0.22 per share, significantly missing the consensus estimate of a $0.05 loss, representing a -340% earnings surprise. Despite revenue slightly beating expectations at $50.14 million, the company received a Zacks Rank #4 (Sell) rating due to unfavorable estimate revision trends, suggesting underperformance ahead.
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