A cut in expenses contributed to Easton-Bell Sports Inc. posting an 83 percent increase in net profits for the third quarter when compared with the previous year. The Van Nuys-based manufacturer of sporting equipment reported a net income of $6.8 million on revenues of $188.6 million for the quarter ending Sept. 30. For the same period in 2006, the company reported a net income of $3.7 million on revenues of $186.5 million. Lower sales of baseball and softball equipment led to a decrease of $900,000 in team sports net sales. Football sales stayed flat while action sports net sales increased in the third quarter by $3 million.