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Edwards Soars After Raising Forecast for Third Time in a Row

  • Adjusted earnings of 76 cents a share top 70-cent estimate
  • Boosts annual profit forecast to range of $2.78 to $2.88

Edwards Lifesciences Corp. soared after the world’s largest maker of aortic valves implanted without open-heart surgery beat analysts’ estimates and raised its 2016 earnings forecast for a third quarter in a row as younger and healthier patients started getting the devices.

Second-quarter earnings excluding one-time items totaled 76 cents a share, the Irvine, California-based company said Tuesday in a statement, beating the 70-cent average of analysts’ estimates surveyed by Bloomberg. Edwards boosted its 2016 earnings forecast to $2.78 to $2.88 a share, from $2.67 to $2.77 a share.

The stock jumped 6.6 percent...


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