NEW YORK (GenomeWeb News) — Thermo Electron today said that third-quarter profit declined 15 percent even as revenues climbed 8 percent.
Total receipts for the quarter ended Sept. 30 increased to $725 million from $679 million last year.
Thermo Electron said positive revenue growth came from mass spec sales, small molecule research, and increased elemental analysis sales in its Life and Lab Sciences division, which rose 5 percent in the current period to $543 million from $516 million last year.

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