Edwards Lifesciences shares are trading lower after the company reported worse-than-expected Q2 sales results and issued Q3 guidance below estimates. Also, the company acquired JenaValve and Endotronix.
Portfolio Pulse from Benzinga Newsdesk
Edwards Lifesciences shares are trading lower after the company reported worse-than-expected Q2 sales results and issued Q3 guidance below estimates. Additionally, the company acquired JenaValve and Endotronix.
July 24, 2024 | 8:24 pm
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Edwards Lifesciences reported worse-than-expected Q2 sales and issued Q3 guidance below estimates, leading to a drop in share price. The company also acquired JenaValve and Endotronix.
The disappointing Q2 sales results and lower-than-expected Q3 guidance are likely to negatively impact investor sentiment and the stock price in the short term. The acquisitions of JenaValve and Endotronix, while potentially positive in the long term, do not offset the immediate negative impact of the earnings miss and weak guidance.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100