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Oakley Guides Sales Up

The company's third-quarter profit is better than expected.
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Oakley

(OO)

, the maker of sunglasses, predicted that the strong sales it's seen through the third quarter mean its full-year revenue will be better than it previously forecast.

Third-quarter net sales increased 21.2% from last year to $210.2 million. Net income for the third quarter totaled $17.3 million, or 25 cents a share, compared with $16.1 million and 23 cents a share in the same period a year ago.

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Analysts were looking for 22 cents in the latest quarter.

For 2006, Oakley now expects net sales growth of roughly 15% to 17% from last year. The company's previous guidance called for 13% growth.

Additionally, Oakley reaffirmed full-year adjusted earnings projection of 68 cents a share. The outlook doesn't include restructuring charges.