US designer and developer of athletic footwear K-Swiss Inc. has reported lower earnings for the first quarter ended March 31.

Net earnings decreased 3.7% to $24.91 million compared with $25.86 million in the prior-year period. Total worldwide revenues decreased 2.1% to $149. million compared with $153.14 million in the prior-year period. Domestic revenues decreased 12.1% to $103.38 million, whilst international revenues increased 31.1% to $46.6 million.

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