Lakeland Industries Inc. (LAKE) posted first-quarter net loss of $10.12 million or $1.94 per share, compared to a net income of $1.16 million or $0.22 per share in the prior year quarter.
Net sales from continuing operations for the quarter declined to $23.98 million from $25.59 million in the comparable quarter last year.
On average, two analysts polled by Thomson Reuters expected the company to earn $0.06 per share on revenues of $23.16 million. Analysts' estimates typically exclude special items.
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