April 24, 2018 / 8:19 PM / 6 months ago

Edwards Lifesciences reports 1.3 pct rise in quarterly sales

April 24 (Reuters) - Medical device maker Edwards Lifesciences Corp reported a 1.3 percent rise in first-quarter revenue on Tuesday on higher demand for transcatheter heart valves, its biggest business.

The company’s net profit fell to $206.6 million, or 96 cents a share, in the quarter ended March 31, compared with a $230.2 million, or $1.06 per share, a year earlier.

Net sales in the quarter rose to $894.8 million from $883.5 million a year earlier.

Reporting by Manas Mishra in Bengaluru; Editing by Arun Koyyur

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