Oakley Is Optimistic After Weak Quarter

The company's net income declined to $3,208,000 in the 1st quarter from $5,562,000 in the same period a year ago, exceeding analysts' projections. Earnings will probably remain depressed in the 2nd quarter but they should increase sharply in the 2nd half. Meanwhile, revenues rose by just 1.5 percent to $111.2 ...

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