By  on July 31, 2009

Reductions in inventories, expenses and markdowns helped Destination Maternity Corp. boost third-quarter profits by 64 percent.

The Philadelphia-based retailer said net income grew to $6.8 million, or $1.12 a diluted share, for the quarter ended June 30, compared with $4.1 million, or 68 cents a share, in the year-ago period. The company said July 9 that it would exceed the high end of its earlier guidance for earnings per share of between 74 and 91 cents.

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