Thermo Electron after market close on Tuesday reported revenues of $542 million for the third quarter, a 21 percent increase over revenues of $449 million for the same quarter in 2003.

Third-quarter GAAP 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, the company said.

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