UPDATE 3-Teleflex raises '09 EPS view, shares rise
* Q2 EPS $0.96 ex-items vs est $0.88/shr
* Rev falls 14 pct
* Raises 2009 earnings forecast
* Shares rise 6 pct (Recasts; adds details, analyst comments, updates share movement)
By Bhaswati Mukhopadhyay
BANGALORE, July 27 (Reuters) - Diversified manufacturer Teleflex Inc (TFX.N: Cotización) raised its 2009 earnings outlook, driven by expectations of core revenue growth in its medical business in the second half of the year, sending its shares up 6 percent.
Analysts expect the company to divest its aerospace and commercial businesses and become a pure-play medical company.
"I think Teleflex will be pure-play medical in the next two to three years," analyst Paul Joseph Mammola of Sidoti & Co said.
Teleflex -- which makes engineered products for medical, commercial and aerospace markets -- now sees 2009 income from continuing operations of $3.40 to $3.60 per share, excluding special charges, compared with its prior view of $3.25 to $3.55. Continuación...