Skip to main content
Premium Trial:

Request an Annual Quote

Thermo Posts 21-Percent Q3 Revenue Growth, Driven by Life and Lab Unit

NEW YORK, Oct. 27 (GenomeWeb News) - Thermo Electron yesterday reported a 21-percent surge in revenues for the third quarter, driven primarily by its Life and Laboratory Sciences segment.


Revenues for the quarter ended Sept. 30 totaled $542.3 million, up from $448.6 million during the same period last year. The company's Life and Laboratory Sciences unit, which includes mass spectrometry systems for proteomics research, booked $383.2 million in revenues--almost a third above the $301.8 million it took in during the same period last year. Revenues for the Measurement and Control unit increased to $159.1 million, from $145.6 million last year.


R&D expenses increased slightly, to $32.9 million from $30.4 million during the year-ago quarter.


Third-quarter earnings jumped to $106.5 million, or $.66 per basic share, from $48.5 million, or $.30 per basic share, for the year-ago period. This increase included a gain of $.40 per basic share from discontinued operations, primarily from the sale of its Spectra-Physics business, and tax benefits from another business sold previously.


Earnings per share from continuing operations totaled $.26 per share for the quarter, up from $.24 per share during last year's third quarter.


As of Oct. 2, Thermo had $335.7 million in cash and cash equivalents, and $90.2 million in short-term available-for-sale investments.

The Scan

Pig Organ Transplants Considered

The Wall Street Journal reports that the US Food and Drug Administration may soon allow clinical trials that involve transplanting pig organs into humans.

'Poo-Bank' Proposal

Harvard Medical School researchers suggest people should bank stool samples when they are young to transplant when they later develop age-related diseases.

Spurred to Develop Again

New Scientist reports that researchers may have uncovered why about 60 percent of in vitro fertilization embryos stop developing.

Science Papers Examine Breast Milk Cell Populations, Cerebral Cortex Cellular Diversity, Micronesia Population History

In Science this week: unique cell populations found within breast milk, 100 transcriptionally distinct cell populations uncovered in the cerebral cortex, and more.