Varian ( VARI), a scientific instruments and vacuum technologies supplier for life science and industrial applications, surged 6% Thursday after saying its third-quarter earnings fell slightly. The company earned $14.49 million, or 46 cents a share, in the quarter, compared with $14.54 million, or 43 cents a share, a year ago. Adjusted for items, earnings were $17.71 million, or 57 cents a share in the most recent quarter. Analysts surveyed by Thomson First Call were expecting earnings of 42 cents a share in the most recent quarter. Previous year's third-quarter earnings include $4 million, or 12 cents a share of earnings from discontinued operations. Third-quarter revenue rose 12.3% from a year ago period to $209.75 million. Analysts were expecting revenue of $204.07 million in the most recent quarter. The company raised its full year guidance and expects to earn $1.51 a share to $1.59 a share for the full year. Adjusted earnings are expected to be $1.98 a share to $2.06 a share compared with the earlier forecast of $1.90 a share to $2.0 a share, while analysts' expect earnings of $1.80 a share for the full year. Third-quarter adjusted operating profit rose 30.6% from a year ago to $23.84 million and operating margin increased 159 basis points to 11.4%. By segment, third-quarter revenue from scientific instruments rose 12% from a year-ago period to $170.30 million and from vacuum technologies it was up 13.5% to $39.50 million. "Our balanced approach of focusing on a broad array of applications, product lines and geographies positioned us to deliver another solid financial performance," said the company. "This approach continued to allow us to take advantage of shifting areas of demand strength in industrial and life science applications and in different geographies." Shares rose $2.53 to $44.02.