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Santa Monica-based L.A. Gear Inc. reported net...

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From Times Staff and Wire reports

Santa Monica-based L.A. Gear Inc. reported net income for the fiscal third quarter of $416,000 and a loss applicable to common stock of $1.5 million, or 7 cents a share. Revenue for the period was $94.4 million, down 25% from the year-ago period.

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