Thursday, 19 July 2007

UPDATE 1-Oakley 2nd-qtr net income up as sales jump 29 pct

(Reuters) - LOS ANGELES, July 19 - Eyewear maker Oakley Inc. reported higher quarterly net profit on Thursday, matching Wall Street estimates, and boosted its sales outlook for the year. Oakley, which is being acquired by Italian luxury eyewear group Luxottica , said second-quarter net profit rose to $21.5 million, or 31 cents per share, from $17.9 million, or 26 cents per share, a year earlier.



Total sales jumped to $263.2 million from $203.6 million, driven by double-digit increases in sales of sunglasses, prescription eyewear and goggles.


Read more at Reuters.com Market News

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