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Edwards Lifesciences raises 2017 forecast after strong quarter

(Reuters) - Edwards Lifesciences Corp (EW.N) on Wednesday provided a revised full-year earnings forecast with the new low end of the range above Wall Street estimates, and it posted higher-than-expected second-quarter profit on double-digit growth in sales of its transcatheter heart valves.

Edwards now expects adjusted 2017 earnings of $3.65 to $3.85 per share, up from its previous forecast of $3.43 to $3.55 per share. Analysts on average were estimating $3.53 per share, according to Thomson Reuters data.

Edwards shares, which are up about 23 percent for the year, rose almost 4 percent further in extended trading to $120.

Global transcatheter heart valve sales rose 16 percent to $488 million for the quarter.

While that appears to pale compared with the...


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