Teleflex (NYSE: TFX) reported earnings on July 31. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended June 30 (Q2), Teleflex missed estimates on revenues and beat expectations on earnings per share.

Compared to the prior-year quarter, revenue increased. Non-GAAP earnings per share expanded. GAAP earnings per share dropped.

Gross margins grew, operating margins grew, net margins shrank.

Revenue details
Teleflex reported revenue of $420.1 million. The eight analysts polled by S&P Capital IQ expected a top line of $431.5 million on the same basis. GAAP reported sales were 9.6% higher than the prior-year quarter's $383.3 million.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures are normalized by S&P Capital IQ and may vary to maintain comparability with normalized estimates.

EPS details
EPS came in at $1.27. The eight earnings estimates compiled by S&P Capital IQ predicted $1.13 per share. Non-GAAP EPS of $1.27 for Q2 were 3.3% higher than the prior-year quarter's $1.23 per share. (The prior-year quarter included -$0.11 per share in earnings from discontinued operations.) GAAP EPS of $0.98 for Q2 were 5.8% lower than the prior-year quarter's $1.04 per share. (The prior-year quarter included -$0.11 per share in earnings from discontinued operations.)

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures are normalized by S&P Capital IQ and may vary to maintain comparability with normalized estimates.

Margin details
For the quarter, gross margin was 49.9%, 180 basis points better than the prior-year quarter. Operating margin was 18.3%, 130 basis points better than the prior-year quarter. Net margin was 10.1%, 100 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)

Looking ahead
Next quarter's average estimate for revenue is $419.9 million. On the bottom line, the average EPS estimate is $1.17.

Next year's average estimate for revenue is $1.72 billion. The average EPS estimate is $4.60.

Investor sentiment
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 110 members out of 117 rating the stock outperform, and seven members rating it underperform. Among 47 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 45 give Teleflex a green thumbs-up, and two give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Teleflex is outperform, with an average price target of $88.00.

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