Lakeland Industries Q3 EPS $0.34 Beats $0.27 Estimate, Sales $31.68M Beat $30.90M Estimate
Portfolio Pulse from Benzinga Newsdesk
Lakeland Industries (NASDAQ:LAKE) reported Q3 earnings of $0.34 per share, surpassing the consensus estimate of $0.27 by 25.93%, and marking a 78.95% increase from the previous year. Sales reached $31.68M, exceeding estimates of $30.90M by 2.52% and showing an 11.59% increase from the same period last year.
December 07, 2023 | 6:49 am
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Lakeland Industries reported strong Q3 results with earnings and sales surpassing analyst estimates, indicating robust financial performance.
The positive earnings and sales beat are likely to instill investor confidence and could lead to a short-term uptick in LAKE's stock price. Historically, stocks tend to react positively to earnings that exceed expectations, as it reflects better-than-anticipated financial health and growth prospects.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100