Teleflex Q4 Adj. EPS $3.38 Beats $3.26 Estimate, Sales $773.91M Beat $768.69M Estimate
Portfolio Pulse from Benzinga Newsdesk
Teleflex (NYSE:TFX) reported Q4 adjusted EPS of $3.38, surpassing the $3.26 estimate, and sales of $773.91M, exceeding the $768.69M estimate. This represents a 3.98% decrease in EPS and a 2.10% increase in sales year-over-year.
February 22, 2024 | 11:30 am
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Teleflex reported a Q4 adjusted EPS of $3.38, beating estimates, and sales of $773.91M, also above expectations. Despite a slight EPS decrease from last year, sales grew.
Beating both EPS and sales estimates typically has a positive impact on stock price in the short term. Although there's a slight decrease in EPS year-over-year, the growth in sales and surpassing of estimates are strong positive signals.
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