Teleflex Q2 2024 Adj. EPS $3.42 Beats $3.33 Estimate, Sales $749.691M Miss $764.562M Estimate
Portfolio Pulse from Benzinga Newsdesk
Teleflex reported Q2 2024 adjusted EPS of $3.42, beating the estimate of $3.33. However, sales were $749.691 million, missing the estimate of $764.562 million.
August 01, 2024 | 10:32 am
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NEUTRAL IMPACT
Teleflex's Q2 2024 adjusted EPS of $3.42 beat estimates, but sales of $749.691 million missed expectations. This mixed result may lead to short-term volatility in TFX stock.
The beat on EPS is a positive sign, indicating better-than-expected profitability. However, the miss on sales could raise concerns about revenue growth. These mixed results are likely to cause short-term volatility in TFX stock as investors digest the news.
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