The increase reflected increased corporate finance fees and gains from the sale of investment securities.
One reason given for caution is that much of the August rise reflected large gains in the stock market, a rally that has since waned.
Upjohn's sales rose 1 percent, to $808.7 million from $800.7 million, reflecting gains on foreign currency exchanges.
Transportation orders jumped 14.8 percent, to $37.9 billion, reflecting gains in both the aircraft and automobile industries.
Like many textbooks new versions are printed every few years and reflect new gains in scientific knowledge.
But even this small rise didn't reflect clear gains across the board.
The earnings of $510.2 million for the quarter reflected gains in all its major businesses: general insurance, life insurance and financial services.
The increase reflected gains in unit volume and the falling dollar's favorable effect on overseas sales.
"The performance also reflects solid gains at the very strong television stations' operations," he said.
Net income was up 40 percent, but that reflected one-time gains and charges made in the comparable 1989 quarter.