Gaiam posts strong third-quarter results

LOUISVILLE – Gaiam Inc. reported revenue of $52.8 million and profit of $28.7 million for its third quarter that ended Sept. 30.

The Louisville-based lifestyle media and fitness accessories company (Nasdaq: GAIA) said third-quarter revenue was a 22.8 percent increase from the $43 million in revenue reported for the same quarter a year earlier.

The company’s profit in the third quarter was a 19.1 percent increase compared with profit of $24.1 million for the same period a year earlier. Gaiam’s third-quarter earnings translated to 1 cent per diluted share, according to the press release.

Gaiam in October sold its nonbranded entertainment media distribution…