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Nabisco Reports Drop in Profits 

Cookie maker Nabisco Holdings Corp. reported Wednesday a 32 percent drop in third-quarter profits, mainly due to costs related to its pending sale to tobacco interests.

For the three months ended Sept. 30, the Parsippany-based food company reported net income of $78 million, or 29 cents per share, down from $114 million, or 43 cents per share, in the year-ago period.

Excluding $30 million in costs due to the pending sale, Nabisco earned $108 million, or 40 cents per share, up from operating earnings of $81 million, or 30 cents per share.

That beat the forecast of analysts surveyed by First Call/Thomson Financial, who had predicted earnings of 35 cents per share.

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