Lakeland Industries, Inc. LAKE fell in Wednesday's extended session after the company said fiscal third-quarter revenue grew 10 percent on a widening loss.
The maker of protective clothing said previously disclosed increased orders related to the Ebola crisis won't affect results until the fiscal fourth quarter ending January 31.
Lakeland traded recently down more than 10 percent to $10.50.
Chief Executive Christopher J. Ryan said that if demand continues, "we will be able to drive incremental leverage and profits beyond the improvements" of the recent period.
The company posted a fiscal third-quarter loss of $2.5 million, or $0.42 a share, compared with a year-earlier loss of $1.8 million, or $0.31 a share.
Adjusted earnings were $0.20 a share in the recent period, compared with $0.05 a share a year earlier.
Sales grew 10 percent to $25.1 million, from $22.8 million last year.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Date | ticker | name | Actual EPS | EPS Surprise | Actual Rev | Rev Surprise |
|---|
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
