Lam Research Reports Strong Q2 Earnings, Surpasses Wall Street Estimates
FREMONT, Calif. – Lam Research Corp. (LRCX) announced fiscal second-quarter earnings of $1.19 billion, exceeding analyst expectations.
Key Highlights:
* Net income: 92 cents per share
* Adjusted earnings: 91 cents per share (vs. estimated 87 cents)
* Revenue: $4.38 billion (vs. estimated $4.31 billion)
Analyst Outlook:
*Zacks Investment Research survey of 10 analysts forecast earnings of 87 cents per share and revenue of $4.31 billion.
Guidance for Current Quarter:
* Per-share earnings: $0.90 - $1.10
* Revenue: $4.35 - $4.95 billion
Impact on Share Price:
* LRCX stock rose 0.86% in premarket trading.