Lakeland Industries (LAKE) Stock Gains in After-Hours Trading on Earnings Beat

NEW YORK (TheStreet) -- Lakeland Industries (LAKE) shares are up 3.15% to $10.80 in after-hours trading on Monday after the safety garments and accessories manufacturer reported its fourth quarter financial results after the closing bell today.

The Ronkonkoma, NY-based company reported first quarter global revenue of $26.5 million, topping its year ago revenue of $22.2 million by 19.4% and beating analysts' expectations for this quarter of $25.9 million.

The company also reported a fourth quarter EPS of 36 cents per share that topped analysts' 23 cent per share expectations by 13 cents.

"Lakeland Industries' global consolidated sales excluding Brazil grew by 11% in fiscal 2015, with a 24% increase in the fourth quarter driven by sales in connection with the Ebola crisis for which we ramped up our capacity production. Ebola related sales activity aided in our efforts to more meaningfully break into the private and public sector healthcare market. Lakeland branded products were featured on numerous news reports as purchase orders were received from North American and European buyers." said CEO Christopher Ryan.

TheStreet Ratings team rates LAKELAND INDUSTRIES INC as a Hold with a ratings score of C-. TheStreet Ratings Team has this to say about their recommendation:

"We rate LAKELAND INDUSTRIES INC (LAKE) a HOLD. The primary factors that have impacted our rating are mixed - some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income and feeble growth in the company's earnings per share."

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