Lam Research (LRCX) PT Raised to $95 at Nomura But Remains Sidelined
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Go back to Lam Research (LRCX) PT Raised to $95 at Nomura But Remains Sidelined
October 19, 2016 4:10 PM EDT
FREMONT, Calif., Oct. 19, 2016 (GLOBE NEWSWIRE) -- Lam Research Corporation (NASDAQ: LRCX) today announced that it will hold the companys analyst and investor meeting on Friday, November 18, 2016, from 9:00 a.m. to 12:30 p.m. Eastern Time at the Mandarin Oriental, New York. The meeting was previously scheduled for Wednesday, November 16, 2016 at the Fremont Marriott Silicon Valley.
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October 19, 2016 4:05 PM EDT
FREMONT, Calif., Oct. 19, 2016 (GLOBE NEWSWIRE) -- Lam Research Corp. (Nasdaq: LRCX) today announced financial results for the quarter ended September 25, 2016 (the "September 2016 quarter").
Highlights for the September 2016 quarter were as follows:
Shipments of $1,708 million and revenue of $1,632 million.GAAP gross margin of 43.9%, GAAP operating margin of 19.4%, and GAAP diluted EPS of $1.47.Non-GAAP gross margin of 45.2%, non-GAAP operating margin of 22.4%, and non-GAAP diluted EPS of $1.81....
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