Diamonds and Dogs
4/24/13
Edwards Lifesciences Corp. (EW)Edwards Lifesciences is giving its investors a heart attack today, down 21.99% at $64.60. The heart disease (technology treatment) company saw its shares lose nearly a quarter of their value after missing on earnings expectations. For the quarter Edwards Lifesciences announced an EPS of $0.72 on revenue of $496.7 million. This missed analysts' forecast for an EPS $0.76 and revenue of $519 million. Furthermore, management now sees full-year adjusted EPS of $3.00-$3.10 on sales of $2 billion-$2.1 billion, below Wall Street's view of $3.27 and $2.14 billion, respectively. Edwards Lifesciences traded to a new 52-week low of $63.50 intraday.
Boyd Gaming Corp. (BYD)
Boyd Gaming Corp. is trading in the green today, up 22.57% at $10.97. The multi-jurisdictional gaming company saw its shares flip over a royal flush after better than expecting earnings. Boyd Gaming Corp. reported adjusted EPS income of $0.0, beating analysts' estimates of $-0.07 per share. Furthermore, revenue climbed 16.4% to $736.9 million, versus estimates of $734.19 million. CEO Keith Smith said, "We saw positive momentum across our operations in March, driving first-quarter results that were ahead of our previous expectations. We were particularly encouraged by improvements in our Las Vegas Locals." Boyd Gaming set a new 52-week high of $11.13 intraday.
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