Teleflex Lowers FY24 GAAP Revenue Growth Guidance Range From 3.40% - 4.40% To 2.90% - 3.40%, Revises Adjusted EPS From Continuing Operations Guidance From $13.80 - $14.20 To $13.90 - $14.20, Est $13.97
Portfolio Pulse from Benzinga Newsdesk
Teleflex has revised its FY24 financial guidance, lowering its GAAP revenue growth range and slightly adjusting its EPS guidance.
October 31, 2024 | 10:38 am
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Teleflex has lowered its FY24 GAAP revenue growth guidance from 3.40%-4.40% to 2.90%-3.40% and adjusted its EPS guidance from $13.80-$14.20 to $13.90-$14.20.
The reduction in revenue growth guidance suggests potential challenges in achieving previous growth expectations, which could negatively impact investor sentiment. However, the slight upward adjustment in EPS guidance may mitigate some concerns. Overall, the news is likely to have a negative short-term impact on TFX stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100