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INDIANAPOLIS (AP) - Cell phone distributor Brightpoint Inc. said Wednesday its third-quarter profit more than doubled, helped by tax benefits.
Quarterly earnings jumped to $11.2 million, or 14 cents per share, from $5.5 million, or 6 cents per share, in the same period last year. The results included an $8.2 million tax-related gain, compared with a $5.6 million tax expense in the year-ago quarter.
Excluding that and other one-time items, Brightpoint said it earned 13 cents per share, two cents better than Wall Street was expecting, according to a Thomson Reuters survey of analysts.
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