Teleflex Narrows Adj. EPS Guidance For FY15

(RTTNews) - Teleflex Inc. (TFX) Thursday said it expects a narrower adjusted earnings guidance range for the full year 2015, while revenue guidance on constant currency is also reduced from its previous outlook.

Further, the company announced a quarterly cash dividend of $0.34 to shareholders on record November 13, payable on December 14, 2015.

For the full year, the company now expects adjusted earnings in a range of $6.10 to $6.35 per share, while its previous range was $6.20 to $6.30 per share. The company's now expects full year revenue growth on constant currency in a range of 4 to 6 percent, while its previous projection was in a range of 4.7 to 5.5 percent. Expecting unfavorable impact of foreign currency, the current revenue projection is down 1.5 to 2.3 percent, while earlier it expected flat to 2 percent decline. Wall Street analysts are looking for $6.22 per share on revenue of $1.82 billion.

For the third-quarter quarter, the company reported earnings of $1.60 per share, up 1.9 percent from the previous year. On average, 11 analysts polled by Thomson Reuters expected the company to earn $1.55 per share. Analysts estimates usually exclude special items.

Revenue for the quarter declined 2.9 percent to $443.7 million from $457.2 million in the previous year. On a constant currency basis, revenues were up 4.2 percent. Wall Street was looking for $447.61 million.