BUZZ-Teleflex has worst day ever after forecasting 2025 profit below estimates

Updates

Shares of surgical equipment maker Teleflex TFX.N fall 20.4% to $141.48, hitting eight-year low

Stock set for its worst day ever, if losses hold

Company forecast 2025 adj profit per share to be between $13.95 and $14.35; analysts had forecast $15.23 per share, according to data compiled by LSEG

Posts Q4 profit of $3.89 per share vs estimate of $3.86

Separately, TFX plans to split into two cos, with urology, acute care and contract manufacturing businesses to be spun off into separate unit

Co to buy Germany-based Biotronik's blood vessel device unit for about 760 million euros ($796.3 million) in cash to boost Teleflex's core business

TFX CFO Thomas E. Powell has decided to retire effective April 1

TFX down 21.29% YTD