Third quarter profits for the Timberland Co. of Stratham, New Hampshire, were reported to be up 8.4% because of higher sales overseas where the weak U.S. dollar has offset revenue declines in the U.S. market.

The company reported earnings for the third quarter, which ended September 26, as $53.3 million or $1.47 per share, up from the $49.2 million or $1.30 a share last year. The results were said to have topped Wall Street’s estimates of $1.42 per share.

It was reported revenues rose from $416.6 million last year to $444 million, a 6.6% gain. Jeffrey Swartz, president and CEO of Timberland, said he believed that revenues would continue to rise during the remaining quarter of 2003 by as much as high single digit numbers.  U.S. sales for the quarter were said to have slipped by 1.7% to $221 million, while international sales climbed some 22% to $175.4 million, with solid inroads in Germany and Spain continuing, along with sales in the U.K. and Italy.

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