In its second-quarter financial report, Teleflex Inc (TFX) announced a decline in profit compared to the previous year, though it surpassed Wall Street expectations.
The company's net income was $80.038 million, or $1.69 per share, down from $111.335 million, or $2.35 per share, in the same quarter last year.
After adjusting for special items, Teleflex reported earnings of $3.42 per share for the quarter.
This exceeded the consensus estimate of $3.33 per share reported by analysts, according to figures compiled by Thomson Reuters. Typically, analysts' estimates do not include special items.
The company's revenue for the quarter saw a 0.9% increase, rising to $749.691 million from $743.259 million in the previous year.
Financial Snapshot (GAAP):
- **Earnings (Q2)**: $80.038 million vs. $111.335 million last year
- **EPS (Q2)**: $1.69 vs. $2.35 last year
- **Revenue (Q2)**: $749.691 million vs. $743.259 million last year
