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Why Edwards Lifesciences Stock Crashed 16% Today

Why Edwards Lifesciences Stock Crashed 16% Today

Shares of medical device maker Edwards Lifesciences (NYSE: EW) fell 16.6% through 11:45 a.m. ET on Friday even though the company missed analyst targets for third-quarter earnings last night by only the slimmest of margins. Analysts had forecast that Edwards would show earnings per share (EPS) of $0.62 on sales of $1.33 billion in last night's report. In constant dollars, Edwards says its sales would have grown 7%.