Oakley Says Profit Fell 12% in 2nd Quarter

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.