K-Swiss Profit Jumps on Strong Sales

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.