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Edwards Lifesciences Reports Strong First Quarter Results and Raises 2008 Guidance
Date:4/22/2008

11.7% 16.9%

Net income 6.1% 12.6%

Effective tax rate 47.6% 25.6%

Computation of Diluted Earnings per

Share

Net income $18.2 $33.2

Adjustment for convertible debt

interest expense (A) 1.0

Adjusted net income $18.2 $34.2

Weighted average common shares

outstanding used to calculate diluted

earnings per share excluding convertible

debt 58.5 60.8

Weighted average common shares

outstanding for the convertible debt (A) 2.7

Weighted average common shares

outstanding used to calculate diluted

earnings per share including the

convertible debt 58.5 63.5

Diluted earnings per share including

the convertible debt $0.31 $0.54

(A) The shares from the convertible debt have an anti-dilutive effect on

the earnings per share calculation in the first quarter of 2008.

Therefore, we have properly excluded both the shares and the related

interest expense from the diluted earnings per share calculation.

Note: Numbers may not foot due to rounding

EDWARDS LIFESCIENCES CORPORATION

Unaudited Balance Sheets

(in millions)

March 31, December 31,

2008 2007

ASSETS

Current assets

Cash and cash equivalents $162.9 $141.8

Short-term investments 26.7 49.4

Accounts and other receivab
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SOURCE Edwards Lifesciences Corporation
Copyright©2008 PR Newswire.
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Related biology technology :

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3. Edwards Lifesciences Announces First Human Implants of Next-Generation Transcatheter Heart Valve
4. Edwards Lifesciences Announces Organizational Changes
5. Edwards Lifesciences to Present at the Merrill Lynch Global Pharmaceutical, Biotechnology & Medical Device Conference
6. Edwards Lifesciences to Host Earnings Conference Call on February 5, 2008
7. Edwards Lifesciences Receives FDA Approval to Add Transapical Delivery System to U.S. Clinical Trial of Transcatheter Heart Valve
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9. Edwards Lifesciences Forecasts Strong Growth in 2008
10. Marshall Edwards, Inc. to Present at BIO Investor Forum 2007
11. Medarex to Present at the A.G. Edwards 2nd Annual Emerging Growth Conference
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