Teleflex Shares Slide 11% After Leadership Change, Revenue Outlook Cut
Teleflex Incorporated (TFX) shares fell 11.32 percent on Thursday, dropping 112.21, after the medical company announced leadership changes and lowered its full-year revenue outlook. The decline followed a sharp pre-market selloff after the update.Teleflex said board member Stuart Randle has been appointed Interim President and Chief Executive Officer, effective immediately, succeeding Liam Kelly, who stepped down as Chairman, President, and CEO. The shares were trading at $112.21, down from a pr ...