WAYNE, Pa. (AP) — WAYNE, Pa. (AP) — Teleflex Inc. (TFX) on Thursday reported fourth-quarter earnings of $78.6 million.
On a per-share basis, the Wayne, Pennsylvania-based company said it had net income of $1.66. Earnings, adjusted for one-time gains and costs, came to $3.52 per share.
The results exceeded Wall Street expectations. The average estimate of 15 analysts surveyed by Zacks Investment Research was for earnings of $3.44 per share.
The medical equipment maker posted revenue of $758 million in the period, which missed Street forecasts. Fourteen analysts surveyed by Zacks expected $760.4 million.
For the year, the company reported profit of $363.1 million, or $7.68 per share. Revenue was reported as $2.79 billion.
Teleflex expects full-year earnings in the range of $13 to $13.60 per share.
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