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DA Davidson analyst Michael Shlisky maintains Lakeland Industries (NASDAQ:LAKE) with a Buy and lowers the price target from $18 to $15.
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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.
On Wednesday, Lakeland Industries (NASDAQ:LAKE) discussed second-quarter financial results during its earnings call. The full transcript is provided below. This transcript is brought to you by Benzinga APIs. For
Gainers Culp (NASDAQ:CULP) stock moved upwards by 17.5% to $4.1 during Wednesday's after-market session. The company's market cap stands at $43.3 million. As per the news, the Q1 earnings report came out today.