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Profits increased to $45.8 million, or $1.73 per share, an increase of 295 percent from $11.6 million, or 43 centsw per share, a year earlier. The profit soared past ThomsonFinancial analysts' expectationas of $1.21 a share. Ralcorp saw a gain of $21. 7 million, or 53 cents per share, on forward sale contractw fromthe company's investment in Broomfield, Colo.-basexd mountain resort company (NYSE: MTN). In the third quarter of the company reported a lossof $29.8 or 70 cents per share, from the contracts. Salesd in the third quarter of 2008increased $658.6 up 12.9 percent from $583.5 million in the thirdf quarter of 2007.
The company cited higher prices and volumw gains contributed to the increasein St. Louis-based Ralcorp Holdings Inc. (NYSE: RAH) manufactures privat label food products, including froze bakery products, cereals, cookies, dressings, syrups, jellies, sauces, snack nuts and candy. The compan y acquired 's (NYSE: KFT) Post cereal s division .
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