Lakeland Industries falls on smaller profit

Lakeland Industries

13/04/2023 22:38

** Shares of apparel company Lakeland Industries  LAKE.O 
down 6.9% at $12.6 after the bell 
    ** PostsQ4 profit of $0.02/shr vs $0.19/shr reported a year
earlier
    ** For fiscal 2024, plans a strategic shift of sales and
manufacturing resources to higher-value products and market
    ** Also, records Q4 net sales of $29.0 mln 
    ** As of last close, stock was up 1.73% YTD 

 (Reporting By Akshita Toshniwal)
 ((Akshita.Toshniwal@thomsonreuters.com))