Knickerbocker Sees Third-Quarter Profit

L.L. Knickerbocker Co. Inc., a Lake Forest collectibles, gifts, toy and jewelry company, said it earned $2.3 million, or 5 cents a share, for the third quarter, contrasted with a net loss of $1.2 million, or 3 cents a share, a year ago. Sales dropped 32% to $6.3 million. The company is in a Chapter 11 bankruptcy reorganization.