By  on August 7, 2009

Steep sales declines lowered Volcom Inc.’s second-quarter earnings but did not result in the loss Wall Street had predicted.

For the three months ended June 30, profits at the Costa Mesa, Calif.-based surf brand fell 82 percent to $872,000, or 4 cents a diluted share, from $4.9 million, or 20 cents a share, in the 2008 period.

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