Teleflex (TFX) Tops Q2 EPS by 6c, Revenues Miss; Offers FY18 EPS Outlook

Teleflex (NYSE: TFX) reported Q2 EPS of $2.47, $0.06 better than the analyst estimate of $2.41. Revenue for the quarter came in at $609.9 million versus the consensus estimate of $616.18 million.

• Second Quarter Revenues of $609.9 million, up 15.4% Versus Prior Year Period; up 12.4% on Constant Currency Basis
• Second Quarter GAAP EPS of ($0.06), down 103.6% Over the Prior Year Period
• Second Quarter Adjusted EPS of $2.47, up 21.1% Versus Prior Year Period
• Lowered 2018 Guidance Range for GAAP Revenue Growth from a range of between 15% and 16% to a range of between 14% and 15%
• Reaffirmed 2018 Guidance Range for Constant Currency Revenue Growth of between 12% and 13%
• Lowered 2018 Guidance for GAAP EPS from a range of between $5.45 and $5.55 to a range of between $4.60 and $4.70
• Reaffirmed 2018 Guidance Range for Adjusted EPS of between $9.70 and $9.90

GUIDANCE:

Teleflex sees FY2018 EPS of $9.70-$9.90.

For earnings history and earnings-related data on Teleflex (TFX) click here.

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