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Edwards Lifesciences Lifts Annual Forecast After Strong Q3

Surpassing Wall Street expectations, Edwards Lifesciences reported a robust third quarter fueled by a surge in procedure volumes. The medical device manufacturer posted net income of $307.5 million, or 53 cents a share, prompting leadership to elevate its full-year sales growth projections to 12% from previous estimates of 10% to 11%.

Edwards Lifesciences Lifts Annual Forecast After Strong Q3

Revenue climbed 11% to $1.72 billion during the period, comfortably exceeding analyst projections of $1.68 billion. Adjusted earnings reached 80 cents a share, outperforming the consensus estimate of 74 cents.

Following these results, the company tightened its full-year adjusted earnings guidance to a range of $2.97 to $3.05 per share. The upward revision reflects sustained momentum in core business areas, as healthcare providers continue to see higher demand for the company’s specialized cardiovascular devices.

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