Lam Research Stock Jumps After Earnings. AI Investors Just Got Another Reassurance.
The semiconductor equipment maker posted earnings of 91 cents a share on revenue of $4.38 billion for the quarter, beating analysts' expectations.
Why Did Lam Research Corp (LRCX) Stock Plunge -8.58% Last Week?
Lam Research Corp (LRCX) stock saw a decline, ending the day at $74.51 which represents a decrease of $-1.12 or -1.48% from the prior close of $75.63. The stock opened at $75.11 and touched a low of $73.
Lam Research: Fiscal Q2 Earnings Snapshot
FREMONT, Calif. (AP) — FREMONT, Calif. (AP) — Lam Research Corp. (LRCX) on Wednesday reported fiscal second-quarter earnings of $1.19 billion. The Fremont, California-based company said it had net income of 92 cents per share. Earnings, adjusted for one-time gains and costs, were 91 cents per share.
Earnings call transcript: Lam Research Q4 2024 beats earnings expectations
Lam Research Corp (NASDAQ:LRCX) reported strong financial results for the fourth quarter of 2024, surpassing analysts' expectations with an earnings per share (EPS) of $0.91 against a forecasted $0.88.
Lam Research (LRCX) Q2 Earnings and Revenues Top Estimates
Lam Research (LRCX) came out with quarterly earnings of $0.91 per share, beating the Zacks Consensus Estimate of $0.87 per share. This compares to earnings of $0.75 per share a year ago. These figures are adjusted for non-recurring items.
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