22.02.2024 13:09:21 - dpa-AFX: Teleflex Q4 Results Top Estimates: Guides FY24 In Line With View
WASHINGTON (dpa-AFX) - Specialty medical devices provider Teleflex Inc.
(TFX) reported Thursday that net income for the fourth quarter more than halved
to $31.11 million or $0.66 per share from $78.59 million or $1.66 per share in
the prior-year quarter.
Excluding items, adjusted earnings from continuing operations were $3.38 per
share, compared to $3.52 per share in the year-ago quarter.
On average, 14 analysts polled by Thomson Reuters expected the company to report
earnings of $3.26 per share for the quarter. Analysts' estimates typically
exclude special items.
Net revenues for the quarter increased 2.1 percent to $773.91 million from
$758.00 million in the same quarter last year. Revenues were up 0.7 percent on a
constant currency basis. Analysts expected revenues of $768.69 million for the
quarter.
Looking ahead to fiscal 2024, the company now projects earnings from continuing
operations in a range of $5.69 to $6.09 per share and adjusted earnings from
continuing operations in a range of $13.55 and $13.95 per share on revenue
growth of 3.6 to 4.6 percent, with constant currency revenue growth of 3.75 to
4.75 percent.
The Street is looking for earnings of $13.84 per share on revenue growth of 4.3
percent to $3.10 billion for the year.
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