Oakley Says Profit Fell 12% in 2nd Quarter
From Bloomberg News
Oakley Inc. said its second-quarter profit fell 12% as demand for the company’s sports-themed sunglasses declined.
Net income fell to $16 million, or 23 cents a share, from $18.2 million, or 27 cents, a year earlier, the Foothill Ranch-based company said. Sales rose 5.7% to $152 million.
Oakley shares fell 47 cents to $10.34 on the NYSE.
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