WAYNE, Pa. (AP) — WAYNE, Pa. (AP) — Teleflex Inc. (TFX) on Thursday reported third-quarter profit of $111 million.
On a per-share basis, the Wayne, Pennsylvania-based company said it had net income of $2.36. Earnings, adjusted for one-time gains and costs, came to $3.49 per share.
The results beat Wall Street expectations. The average estimate of 14 analysts surveyed by Zacks Investment Research was for earnings of $3.38 per share.
The medical equipment maker posted revenue of $764.4 million in the period, which did not meet Street forecasts. Thirteen analysts surveyed by Zacks expected $767.6 million.
Teleflex expects full-year earnings in the range of $13.90 to $14.20 per share.
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