Report
Debbie Wang
EUR 101.80 For Business Accounts Only

Edwards Delivers Another Strong Quarter; Our FVE Is Unchanged

Following the strength it demonstrated in the first quarter, Edwards Lifesciences continued to post impressive results in the second quarter. As top- and bottom-line growth were largely consistent with our expectations and the firm is on track to reach our full-year projections, we’re holding steady on our fair value estimate. Although transcatheter heart valves led quarterly growth at 23% on an underlying basis, mid-single-digit contributions from surgical valves and critical care shouldn’t be ...
Underlying
EDWARDS LIFESCIENCES CORP

Edwards Lifesciences is engaged in patient-focused medical for structural heart disease, as well as critical care and surgical monitoring. The company is a manufacturer of heart valve systems and repair products used to replace or repair a patient's diseased or defective heart valve. The company is also engaged in hemodynamic and noninvasive brain and tissue oxygenation monitoring systems used to measure a patient's cardiovascular function in the hospital setting. The company's products and technologies are categorized into four main areas: Transcatheter Aortic Valve Replacement, Transcatheter Mitral and Tricuspid Therapies, Surgical Structural Heart, and Critical Care.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Debbie Wang

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