BUZZ-Teleflex drops after lowering 2025 revenue forecast

Teleflex Incorporated

Teleflex Incorporated

TFX

0.00

Updates

** Shares of medical device maker Teleflex TFX.N fall 12.5% to $110.69

** Co cuts revenue forecast for 2025 to $3.270 billion to $3.278 billion vs. previous forecast of $3.305 billion to $3.320 billion

** Analysts were expecting a revenue of $3.32 billion - data compiled by LSEG

** RBC Capital Markets lowers PT to $130 from $135 and says "we view the guidance miss as unexpected, given the lower bar coming into Q4"

** Co says reduction is principally the result of softer-than-expected year-end demand for intra-aortic balloon pumps and catheters in the U.S. and Asia, and delays in certain purchase orders in the OEM business

** "We would expect a miss on EPS as well," RBC adds

** Appoints Stuart Randle as interim CEO, effective immediately

** Randle succeeds Liam Kelly, who departs as chairman, president and CEO

** As of last close, stock down 28.9% in the past 12 months


(Reporting by Siddhi Mahatole)

((siddhi.mahatole@thomsonreuters.com))