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Federated Profit More Than Doubles: Federated Department Stores Inc. said it earned $44.3 million, or 35 cents a share, in the quarter ended Oct. 29, compared to $20.3 million, or 16 cents a share, a year ago. The Cincinnati-based retailer said that when it excluded the impact of a one-time adjustment for increased federal income taxes in third-quarter 1993, the income for that quarter would have been $35.3 million, or 28 cents a share. On this basis, third-quarter earnings this year were up 25.7% over last year. Sales for the quarter totaled $1.93 billion, a 7.7% increase from last year’s $1.79 billion. Federated is preparing to merge in December with R.H. Macy & Co.