WAYNE, Pa. (AP) — WAYNE, Pa. (AP) — Teleflex Inc. (TFX) on Thursday reported first-quarter profit of $76.7 million.
On a per-share basis, the Wayne, Pennsylvania-based company said it had profit of $1.62. Earnings, adjusted for one-time gains and costs, were $3.09 per share.
The results exceeded Wall Street expectations. The average estimate of 15 analysts surveyed by Zacks Investment Research was for earnings of $2.97 per share.
The medical equipment maker posted revenue of $710.9 million in the period, which also beat Street forecasts. Fourteen analysts surveyed by Zacks expected $686.8 million.
Teleflex expects full-year earnings in the range of $13 to $13.60 per share.
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