Why Edwards Lifesciences Got Crushed by Investors Yesterday

What happened

Edwards Lifesciences is down more than 13% at 12:10 p.m. EDT on Wednesday after the company released a less-than-stellar earnings report after the bell yesterday.

So what

"Less than stellar" is all relative of course. Edwards Lifesciences sales were up 20.1% year over year, a level of growth that many companies would love to have. But second-quarter sales increased 23.1% year over year, so Edwards Lifesciences' revenue growth has decelerated just a bit.
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