Teleflex gets some Wall Street love after reporting double-digit revenue growth in Q2, beating analysts' expectations and raising its adjusted per-share earnings guidance for the rest of the year.
Wayne, Pa.-based Teleflex (NYSE:TFX) served up some good news today with strong numbers for its 2nd quarter and an increased outlook on the year.
The company posted an 11.4% increase in sales and an 11.3% increase in profits, with adjusted earnings coming in almost 19% higher year-over-year.
Teleflex plans to offer its surgical devices at exclusive rates to Amerinet members in a new agreement between the healthcare companies.
Technology giant Teleflex (NYSE:TFX) announced this week that it signed a new agreement to provide its surgical devices at special rates to members of Amerinet.
Teleflex plans by 2017 to shut down an Asheboro, N.C., manufacturing facility housing more than 600 employees, moving production instead to a plant in Mexico.
UPDATED June 2, 2014, with comment from Teleflex.
Technology giant Teleflex (NYSE:TFX) informed the city of Asheboro, N.C., this week that it plans to close down a manufacturing facility, resulting in layoffs for most of the plant's 635 workers.
Here's a look at some of the top Wall Street stories for medical device companies this week.
, Cardiovascular Systems Inc.
, Edwards Lifesciences
, Endo Health
, Hansen Medical Inc.
, Intuitive Surgical Inc.
, Johnson & Johnson
, Morgan Stanley
, Accuray Inc.
, GI Dynamics
Here's a look at some of the top personnel stories for medical device companies this week.
Alphatec Holdings Inc.
, Elekta AB
, EndoGastric Solutions Inc.
, Given Imaging
, Hansen Medical Inc.
, Orthofix International
, American Medical Systems Holdings Inc.
Hansen Medical names ex-Teleflex president Cary Vance as its new president & CEO, replacing Bruce Barclay, who was oustered in February.
Teleflex announces new restructuring efforts that will result in layoffs as the company aims to consolidate its manufacturing in response to "continuing pressures that companies like Teleflex face in the healthcare industry."
Teleflex (NYSE:TFX) leadership this week announced plans to cut costs and streamline manufacturing, measures that will result in untold layoffs as the company attempts to respond to market pressures.