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EW Stock Dips as Profit Matches Expectations, Sales Edge Ahead

Despite reporting in-line profit and a narrow sales beat, Edwards Lifesciences' stock slumped in after-hours trading. The positive guidance for the year raises expectations for future performance. Analysts are closely monitoring the stock for potential rebound and sustained growth.

by Mark Eisenberg
Wed, Feb 7, 2024 2:32am
in Stock Market
• 2 mins read
14.7k
EW Stock Dips as Profit Matches Expectations, Sales Edge Ahead | FinOracle

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Edwards Lifesciences Reports In-Line Profit and Narrow Sales Beat for Q4

Medtech giant Edwards Lifesciences (EW) announced its fourth-quarter results, reporting an in-line profit and a narrow sales beat. During the quarter, sales grew by 14% to reach $1.53 billion, exceeding analysts’ expectations of $1.5 billion. Adjusted earnings remained flat year over year at 64 cents per share, meeting expectations.

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