Shares in K-Swiss Inc. lost 13 percent Thursday after the shoe maker reported a dip in profit and domestic sales.

K-Swiss reported fourth-quarter net income of $10.7 million (30 cents per share), a 7.8 percent dip from $11.6 million (33 cents) for the same period a year earlier, falling just short of analysts’ expectations of 31 cents per share, according to a poll by Thompson Financial.

Sales for the Westlake Village-based athletic shoe maker grew 2 percent to $93.8 million, in line with Wall Street’s expectations. The company said domestic sales fell 18.4 percent to $52.5 million while international sales grew nearly 48 percent to $41.3 million.

For the year, net income grew 2 percent to $76.9 million ($2.17 per share) while revenue fell 2 percent to $501 million.

Shares in K-Swiss fell $4.35 per share to $29.14 in afternoon trading Thursday on Nasdaq.