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Thermo Electron Corporation (TMO) Reports Continued Strong Growth In Third Quarter 2006 And Raises Guidance For The Year


10/25/2006 12:24:20 PM

WALTHAM, Mass., Oct. 25 /PRNewswire-FirstCall/ -- Thermo Electron Corporation (NYSE: TMO - News) today reported revenue growth of 7% to $725 million in the third quarter of 2006, compared with $679 million in the 2005 quarter. Divestitures (net of acquisitions) lowered revenues by 1%, and currency translation increased revenues by 2%. GAAP diluted earnings per share (EPS) were $.30 in the 2006 quarter, compared with $.35 in the year-ago period. GAAP earnings in the 2006 quarter reflect a $.03 impact from stock option expense for rules that became effective this year, and 2005 earnings included a $.10 net gain from the disposal of discontinued businesses. GAAP operating income in the third quarter of 2006 rose 21%, and GAAP operating margin for the period was 10.4%, versus 9.1% a year ago.

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