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Lakeland Industries Fiscal Q1 Results Increase; Updates Outlook; Shares Rise After-Hours
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Lakeland Industries Fiscal Q1 Results Increase; Updates Outlook; Shares Rise After-Hours
Jun 4, 2024 2:32 PM

05:13 PM EDT, 06/04/2024 (MT Newswires) -- Lakeland Industries ( LAKE ) reported fiscal Q1 net income Tuesday of $0.22 per diluted share, up from $0.18 a year earlier.

Analysts polled by Capital IQ expected $0.31.

Net sales for the quarter ended April 30 was $36.3 million, up from $28.7 million a year earlier.

Analysts surveyed by Capital IQ expected $32.5 million.

The company said it now expects fiscal 2025 revenue outlook of $150 million to $155 million, compared with $140 million to $150 million previously. Analysts polled by Capital IQ expected $144.6 million.

Shares of the company were up over 12% in recent after-hours activity.

Price: 21.25, Change: +2.40, Percent Change: +12.73

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