Quarterly Profits at Manufacturing Corporations Jump to $124.3 billion

Seasonally adjusted after-tax profits of U.S. manufacturing corporations totaled $124.3 billion in the third quarter 2006, the U.S. Census Bureau reported. Third quarter 2006 after-tax profits were up $7.3 billion from the $117.1 billion recorded in the previous quarter. 

Seasonally adjusted sales for these manufacturers totaled $1,455.2 billion for the quarter, up $15.2 billion from the $1,440.0 billion recorded in the second quarter 2006, and up $73.6 billion from the $1,381.6 billion recorded in the third quarter 2005.

After-tax profits averaged 8.5 cents per dollar of sales for the quarter, 8.1 cents last quarter, and 7.9 cents a year earlier.

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