Teleflex Raises 2017 Outlook

Teleflex, a provider of medical technology products, reported Thursday Q2 adjusted net profit of $2.04 per share, up from $1.89 per share in the prior-year period and came in higher than the $1.91 per share Street estimate provided by Capital IQ. Net revenues were $528.6 million, up from $473.6 million reported for the same period last year and higher than the $519 million Street estimate.

For 2017, the company now expects adjusted earnings to range from $8.20 to $8.35 per share on revenue growth of 11.5% to 13%, as compared to prior outlook of $8.05 to $8.23 earnings per share on revenue growth of 10% to 11.5%. The Street consensus calls for earnings of $8.16 per share on revenue growth of 11.2%.