Teleflex Q3 Adj EPS $3.64 Beats $3.27 Estimate, Sales $746.39M Beat $733.56M Estimate
Portfolio Pulse from Benzinga Newsdesk
Teleflex (NYSE:TFX) reported Q3 earnings of $3.64 per share, beating the analyst consensus estimate of $3.27 by 11.31%. The company also reported quarterly sales of $746.39 million, surpassing the analyst consensus estimate of $733.56 million by 1.75%. Both earnings and sales have increased compared to the same period last year.
November 02, 2023 | 10:34 am
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POSITIVE IMPACT
Teleflex's Q3 earnings and sales exceeded analyst estimates, which could positively impact the company's stock price in the short term.
Companies that report earnings and sales above analyst estimates often see a positive reaction in their stock price as this indicates better-than-expected performance. Therefore, Teleflex's stock price could potentially increase in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100