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O.C. BUSINESS PLUS | ORANGE COUNTY EARNINGS

Edwards Lifesciences Corp.

August 04, 2000

The Irvine maker of products to treat cardiovascular disease said it earned $12 million, or 20 cents a share, in the second quarter, its first three-month period since being spun off from medical device maker Baxter International. For the second quarter last year, pro forma income totaled $13.7 million, or 24 cents a share.

The income for the recent quarter excluded pretax charges of $362 million related to the write-down of goodwill and other assets, plus other costs such as spin-off expenses.

Sales were down 3% to $204.6 million.

The company said it is convinced it can achieve its operating and financial goals and expects to report much stronger results in the second half.

The stock closed at $23.13 a share, up 31 cents, on the New York Stock Exchange.

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