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Provider to industry revises third and fourth quarter outlook

Published in Biotech Business Week, October 18th, 2004

Teleflex Incorporated (TFX) announced that the company is revising its outlook for the third and fourth quarter of 2004.

Teleflex designs, manufactures and distributes quality engineered products and services for the medical, aerospace, automotive, marine and industrial markets worldwide.

The company now expects diluted earnings per share in the range of 38-40 cents for the 2004 third quarter, which represents earnings per share for the full year of $2.60 to $2.70.

These estimates reflect an anticipated decline of $5-7 million per quarter in the operating profits of the company's tier 1 automotive businesses, predominantly the...

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