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WAYNE, Pa. (AP) — WAYNE, Pa. (AP) — Teleflex Inc. (TFX) on Thursday reported first-quarter net income of $95 million.
On a per-share basis, the Wayne, Pennsylvania-based company said it had profit of $2.07. Earnings, adjusted for one-time gains and costs, came to $2.91 per share.
The results surpassed Wall Street expectations. The average estimate of 13 analysts surveyed by Zacks Investment Research was for earnings of $2.88 per share.
The medical equipment maker posted revenue of $700.7 million in the period, which also beat Street forecasts. Twelve analysts surveyed by Zacks expected $699.1 million.
Teleflex expects full-year earnings in the range of $13.20 to $13.60 per share.
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