Investors applauded Brightpoint Inc., sending the company's stock up more than 15 percent, after the mobile-phone distributor posted third-quarter profits and revenues that reached record levels.

Brightpoint's revenues totaled $633.7 million, an increase of 16 percent from revenues of $545 million during the third quarter of 2005. The figure far exceeded average analyst forecasts of $590.5 million.

Net income stood at $8.8 million, a reversal of net loss of $6.2 million reported during the same period last year.

"The results show that management's multi-pronged expansion strategy is proving a buffer to trouble spots, but also highlights that execution and a ...