Teleflex Q4 Results Top Estimates: Guides FY24 In Line With View

RTTNews | 271 dni temu
Teleflex Q4 Results Top Estimates: Guides FY24 In Line With View

(RTTNews) - Specialty medical devices provider Teleflex Inc. (TFX) reported Thursday that net income for the fourth quarter more than halved to $31.11 million or $0.66 per share from $78.59 million or $1.66 per share in the prior-year quarter.

Excluding items, adjusted earnings from continuing operations were $3.38 per share, compared to $3.52 per share in the year-ago quarter.

On average, 14 analysts polled by Thomson Reuters expected the company to report earnings of $3.26 per share for the quarter. Analysts' estimates typically exclude special items.

Net revenues for the quarter increased 2.1 percent to $773.91 million from $758.00 million in the same quarter last year. Revenues were up 0.7 percent on a constant currency basis. Analysts expected revenues of $768.69 million for the quarter.

Looking ahead to fiscal 2024, the company now projects earnings from continuing operations in a range of $5.69 to $6.09 per share and adjusted earnings from continuing operations in a range of $13.55 and $13.95 per share on revenue growth of 3.6 to 4.6 percent, with constant currency revenue growth of 3.75 to 4.75 percent.

The Street is looking for earnings of $13.84 per share on revenue growth of 4.3 percent to $3.10 billion for the year.

read more
Asian Markets Trade Mixed

Asian Markets Trade Mixed

Asian stock markets are trading mixed on Wednesday, following the mixed cues from Wall Street overnight, amid concerns about escalating tensions between the U.S. and Russia over the war in Ukraine after Russian President Vladimir Putin updated the nuclear doctrine. Asian markets closed mostly higher on Tuesday.
RTTNews | 6g 41 minut temu
Japanese Market Modestly Lower

Japanese Market Modestly Lower

The Japanese stock market is trading modestly lower in choppy trading on Wednesday, reversing the gains in the previous session, following the mixed cues from Wall Street overnight. The Nikkei 225 is falling well below the 38,400 level, with weakness across most sectors led by financial and technology stocks.
RTTNews | 7g 56 minut temu
Thai Stock Market May Add To Its Winnings On Wednesday

Thai Stock Market May Add To Its Winnings On Wednesday

The Thai stock market has moved higher in two straight sessions, gathering almost 20 points or 1.4 percent along the way. The Stock Exchange of Thailand now sits just above the 1,460-point plateau and it's likely to open to the upside again on Wednesday.
RTTNews | 8g 16 minut temu
Additional Support Called For Indonesia Stock Market

Additional Support Called For Indonesia Stock Market

The Indonesia stock market on Tuesday snapped the four-day losing streak in which it had dropped almost 190 points or 2.5 percent. The Jakarta Composite Index now rests just beneath the 7,200-point plateau and it's expected to open in the green again on Wednesday.
RTTNews | 8g 46 minut temu
Australian Market Modestly Lower

Australian Market Modestly Lower

Australian shares are trading modestly lower on Wednesday, snapping a four-session winning streak, with the benchmark S&P/ASX 200 staying above the 8,300 level, following the mixed cues from Wall Street overnight, with weakness in technology, financial and energy stocks partially offset by gains in mining stocks.
RTTNews | 8g 47 minut temu
Higher Open Anticipated For Hong Kong Shares

Higher Open Anticipated For Hong Kong Shares

The Hong Kong stock market has climbed higher in two straight sessions, rallying more than 235 points or 1.2 percent along the way. The Hang Seng Index now sits just above the 19,660-point plateau and it's expected to open to the upside again on Wednesday.
RTTNews | 9g 1 minut temu
China Shares May Extend Tuesday's Gains

China Shares May Extend Tuesday's Gains

The China stock market on Tuesday halted the three-day slide in which it had stumbled almost 120 points or 3.7 percent. The Shanghai Composite now sits just beneath the 3,350-point plateau and it's expected to open higher again on Wednesday.
RTTNews | 9g 16 minut temu