Teleflex Raises 2023 GAAP Revenue Growth Guidance To 5.80%-6.55% From 4.65%-5.90%, Expects GAAP EPS From Continuing Ops Of $7.33-$7.93 Vs. $8.14-$8.74 Prior Range; Maintains Adjusted EPS Guidance Of $13.00-$13.60 Vs. Consensus Of $13.31
Portfolio Pulse from Benzinga Newsdesk
Teleflex has increased its 2023 GAAP revenue growth guidance to 5.80%-6.55% from the previous 4.65%-5.90%. However, it expects GAAP EPS from continuing operations to be $7.33-$7.93, lower than the previous range of $8.14-$8.74. The company has maintained its adjusted EPS guidance of $13.00-$13.60, which is in line with the consensus of $13.31.
August 04, 2023 | 12:53 pm
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Teleflex has raised its 2023 revenue growth guidance but lowered its GAAP EPS expectations. The adjusted EPS guidance remains unchanged.
Teleflex's raised revenue guidance indicates optimism about future sales, which could be positive for the stock. However, the lowered GAAP EPS guidance suggests lower profitability, which could negatively impact the stock. The unchanged adjusted EPS guidance indicates that the company's core operations remain stable. The net effect on the stock is uncertain, hence the neutral score.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100