Teleflex Inc Q1 Profit Increases, beats estimates

(RTTNews) - Teleflex Inc (TFX) revealed a profit for its first quarter that increased from the same period last year and beat the Street estimates.

The company's earnings totaled $77.37 million, or $1.63 per share. This compares with $74.87 million, or $1.58 per share, in last year's first quarter.

Excluding items, Teleflex Inc reported adjusted earnings of $2.88 per share for the period.

Analysts on average had expected the company to earn $2.75 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 1.2% to $641.72 million from $633.93 million last year.

Teleflex Inc earnings at a glance (GAAP) :

-Earnings (Q1): $77.37 Mln. vs. $74.87 Mln. last year. -EPS (Q1): $1.63 vs. $1.58 last year. -Analyst Estimate: $2.75 -Revenue (Q1): $641.72 Mln vs. $633.93 Mln last year.