NYSE:TFXMedical Equipment
Teleflex (TFX) Stock Slides On Margin Strain Despite Higher EPS Outlook
Teleflex stock slipped about 3% to US$134.91 today, even as the headline numbers landed on the right side of expectations. The medical technology company delivered Q2 adjusted earnings per share of US$1.76 with revenue of US$570.3m and raised its full year adjusted EPS outlook.
The near term reaction reflects concern about softer growth guidance and margin pressure. The longer term picture now hinges on whether Teleflex can turn this transition year of divestitures, integration work and...