Teleflex Q4 Adj. EPS Tops View; Issues FY15 Outlook - Quick Facts

(RTTNews) - Teleflex Inc. (TFX), a maker of single-use medical devices, Friday reported fourth-quarter net income attributable to common shareholders of $50.6 million or $1.07 per share, compared to $34.8 million or $0.77 per share a year ago.

Earnings per share from continuing operations were $1.10, compared with $0.78 in the prior year period.

On an adjusted basis, earnings rose 5.1% to $1.43 from $1.36 per share in the comparable quarter last year. On average, ten analysts polled by Thomson-Reuters estimated the company's earnings to be $1.38 for the quarter. Analysts' estimates typically exclude one-time items.

Quarterly revenues improved 5.7% to $476.01 million, from $450.54 million last year. Excluding the impact of foreign currency fluctuations, revenues increased 9.0 percent. Analysts expected revenues of $472.58 million.

Looking ahead to full year 2015, the company expects earnings per share from continuing operations to be in the range of $4.22 to $4.37 and adjusted earnings per share from continuing operations to be between $6.10 and $6.35. The company expects revenues for full year to increase 4% to 6% on a constant currency basis and GAAP revenues to be flat to down 2%.

Analysts are looking for earnings of $6.26 per share, on revenues of $1.87 billion.