Close

UPDATE: Lam Research Corp (LRCX) Tops Q3 EPS by 10c; Issues Q4 Guidance

April 23, 2014 4:18 PM EDT
(Updated - April 23, 2014 4:20 PM EDT)

Lam Research Corp (NASDAQ: LRCX) reported Q3 EPS of $1.26, $0.10 better than the analyst estimate of $1.16. Revenue for the quarter came in at $1.23 billion versus the consensus estimate of $1.22 billion.

We began 2014 by delivering another solid quarter with record shipments, record revenue, sequential operating margin expansion and very strong free cash flow," stated Martin Anstice, Lam Research's president and chief executive officer. "The consistency of our results reinforces the potential to deliver sustained outperformance through solid execution of our growth strategy. We believe that our product portfolio combined with the scale of our new technology offerings create a unique opportunity for Lam through the multi-patterning, 3D device and advanced packaging industry transitions. Together this combination of capability and opportunity underscores our commitment to deliver growth and value for our customers and our shareholders alike."

Sees Q4 EPS of $1.21 +/- $0.07 and revs of $1.24 billion +/- $50 million. The Street is looking for EPS of $1.09 and revs of $1.16 billion.

For earnings history and earnings-related data on Lam Research Corp (LRCX) click here.



Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

Earnings, Guidance, Management Comments

Related Entities

Earnings