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69.89
3.31%
2.13
After Hours:
69.02
-0.87
-1.24%
Why is Edwards Lifesciences Corp (EW) Stock down?
We've noticed a 31.34% decline in Edwards Lifesciences Corp (EW) stock during the 2024-07-25 trading session. While this could be attributed to normal volatility or various internal and external factors, please be aware that we are actively monitoring the situation, and we'll provide timely updates as soon as possible!
26 Oct, 2023:
Edwards Lifesciences Corporatio (EW) dropped by 8.14% from $68.34 to $62.78 in the trading on Thursday October 26, 2023. The reason why EW stock down today include:
- Decreased adjusted earnings: Edwards delivered results in Q3 2023 today, but the company reported adjusted net income went in the other direction, slipping by 6% to a bit under $361 million ($0.59 per share). It seemed to weigh on the stock as did the broader market sell-off, causing EW stock down today.
- Top-line guidance: Investors trade on potential rather than trailing results, and they found the company's top-line guidance wanting. Edwards believes its sales will ring up at $1.45 billion to $1.53 billion, with adjusted net income of $0.60 to $0.66 per share. The sales range, though, is under the analyst consensus of $1.54 billion.
1.13%
1.18%
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