Teleflex rises after lifting 2024 profit forecast

Teleflex Incorporated

01/08/2024 15:43

** Shares of Teleflex  TFX.N  rise as much as 10.4% to an
over five-month high of $243.88 
    ** Medical device maker raises its annual adj EPS forecast
to $13.80 to $14.20 from its previous outlook of $13.60 to
$13.95 
    ** Co's Q2 adj EPS of $3.42 tops analysts' estimates of
$3.33 - LSEG
    ** TFX also says its board authorized a share repurchase
program for up to $500 mln of co's common stock
    ** YTD, stock down 4.7%

 (Reporting by Puyaan Singh)
 ((Puyaan.Singh@thomsonreuters.com;))