Edwards Lifesciences falls as Medtronic CoreValve threat weighs


Edwards Lifesciences (EW -5.2%) is under a bit of pressure today on the heels of Tuesday's update from Medtronic (MDT -0.9%) on the CoreValve system.

At issue are sales of EW's Sapien transcatheter heart valves. "The CoreValve is now expected by the end of April 2014," Jefferies' Raj Denhoy says, lowering estimates for EW "given the earlier share loss."

Analysts were already concerned about valve sales, with Leerink's Danielle Antalffy sounding a bit cautious after Q3 results were released on Monday: "Though [EW's] results were basically fine ... strong [overseas valve] sales offset [a] marginal U.S. [valve] miss."

From other sites
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs