Teleflex: Fourth Quarter Earnings Overview

Teleflex Inc. Reports Significant Fourth Quarter Loss

Teleflex Inc., headquartered in Wayne, Pennsylvania, announced on Thursday that it incurred a net loss of $714.3 million during the fourth quarter.

This translates to a loss of $16.15 per share. When excluding special items, adjusted earnings came in at $1.93 per share.

These figures were below what analysts had anticipated. According to Zacks Investment Research, the consensus estimate from 11 analysts was earnings of $3.73 per share.

The company, which specializes in medical devices, generated $569 million in revenue for the quarter, missing projections as well. Ten analysts surveyed by Zacks had forecasted revenue of $926 million.

For the entire year, Teleflex reported a net loss of $905.6 million, or $20.25 per share, with total revenue reaching $1.99 billion.

Looking ahead, Teleflex anticipates its full-year earnings to fall between $6.25 and $6.55 per share.