K-Swiss Profit Jumps on Strong Sales
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K-Swiss Inc. reported a 37% jump in third-quarter profit in part because of strong sales in Europe and Asia.
The Westlake Village-based maker of sports footwear earned $20.7 million, or 57 cents a share, compared with $15.1 million, or 40 cents, a year earlier. Analysts had forecast a per-share profit of 35 cents for the third quarter, according to Thomson First Call. Revenue rose 12% to $135.8 million.
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