UPDATE 2-Teleflex posts higher profit, reaffirms '09 view

* Q1 EPS $0.76 from cont ops, ex items vs $0.63 est

* Q1 rev $469.7 mln vs $528.9 mln est

* Reaffirms 2009 EPS outlook, growth of 4 pct to 14 pct

* Shares up 8 pct

(Adds conference call details, share movement, analyst comments)

April 28 (Reuters) - Diversified manufacturer Teleflex Inc (TFX.N: Quote, Profile, Research) posted a higher quarterly profit that beat analysts' expectations, and reaffirmed its 2009 profit outlook, sending its shares up 8 percent.

The company benefited from a lower-than-expected tax rate, which when combined with lower interest expense contributed to the company meeting first quarter forecasts, Janney Montgomery Scott analyst James Lucas said in a note.

For the first quarter, net income was $215.5 million, or $5.40 a share, compared with $22.9 million, or 58 cents a share, a year ago. Income from continuing operations excluding special charges was $0.76 per share.

Revenue fell 13 percent to $469.7 million, below Street view of $528.9 million. Medical segment revenue fell 9 percent to was $340.5 million in the quarter.