WAYNE, Pa. (AP) — WAYNE, Pa. (AP) — Teleflex Inc. (TFX) on Thursday reported a loss of $136.7 million in its fourth quarter.
On a per-share basis, the Wayne, Pennsylvania-based company said it had a loss of $2.95. Earnings, adjusted for one-time gains and costs, came to $3.89 per share.
The results exceeded Wall Street expectations. The average estimate of 13 analysts surveyed by Zacks Investment Research was for earnings of $3.86 per share.
The medical equipment maker posted revenue of $795.4 million in the period, missing Street forecasts. Twelve analysts surveyed by Zacks expected $813.5 million.
For the year, the company reported profit of $69.7 million, or $1.48 per share. Revenue was reported as $3.05 billion.
Teleflex expects full-year earnings in the range of $13.95 to $14.35 per share.
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