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Stock Market & Financial Investment News

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March 11, 2013
16:38 EDTLAKELakeland Industries reports material developments
Lower than expected sales in Brazil for the quarter ended January 31, 2013 resulting in anticipated operating loss in Brazil $11.5 million goodwill impairment charge in Brazil ;Potential default on bank line of credit with TD Bank; Lower than expected sales in the quarter ended January 31, 2013 in Brazil will likely result in an operating loss from Brazil in such quarter. In view of the recent operating losses incurred by Lakeland Brazil, management determined that the carrying amount of the goodwill related to our Brazil subsidiary exceeded its fair value, which was estimated based on the present value of expected future cash inflows.
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May 22, 2015
15:13 EDTLAKELakeland Industries short position covered by GeoInvesting
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May 18, 2015
19:12 EDTLAKEOn The Fly: After Hours Movers
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16:05 EDTLAKELakeland Industries sees continued improved operating results in FY16
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16:04 EDTLAKELakeland Industries reports Q4 EPS ex-items 36c, one estimate 23c
Reports Q4 revenue $26.5M, one estimate $25.89M. CEO Christopher Ryan said, "Among our global initiatives, we announced our determination to exit Brazil which has been losing money for three years during which time it had caused material hardships throughout our company. We believe we have found a way to exit this business, enhance our focus on the areas of growth throughout our otherwise expanding global operating footprint, and improve our overall financial performance."

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