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Update: Lakeland Industries Swings to Fiscal Q1 Earnings, Revenue Rises; Shares Jump Premarket

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(Updates with the stock move in the headline and the first paragraph.)

Lakeland Industries (LAKE) shares were up over 7% in Wednesday's premarket activity after the company unexpectedly swung into the black in fiscal Q1.

The company reported fiscal Q1 net income late Tuesday of $0.04 per diluted share, swinging from a loss of $0.41 a year earlier.

Four analysts polled by FactSet expected a loss of $0.16.

Revenue for the quarter ended April 30 was $47.4 million, up from $46.7 million a year earlier.

Four analysts polled by FactSet expected $47.4 million.

Price: $10.22, Change: $+0.68, Percent Change: +7.14%

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