Lam Research (LRCX) Stock Takes a Breather Despite Another Record Quarter
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Lam Research (LRCX) Stock Slips on Mixed Q2 Results and Guidance, Summit Insights Downgrades to Hold
October 21, 2021 6:45 AM EDTShares of Lam Research (NASDAQ: LRCX) are down over 3% in pre-open Thursday after the company reported mixed results for its fiscal second quarter.
Lam Research said it made $8.36 in earnings per share (EPS), $0.15 better than the analyst estimate of $8.21. Revenue for the quarter came in at $4.3 billion versus the consensus estimate of $4.32 billion.
Driven by strong demand and solid execution, Lam delivered its sixth consecutive quarter of record revenue and earnings per share, said Tim Archer, Lam Researchs President and Chief Executive Officer. In a robust wafer fabrication equipment environment, Lam is... More
Applied Materials (AMAT), Other Peers Trade Lower in Sympathy with Lam Research (LRCX)
October 20, 2021 4:39 PM EDTApplied Materials (NASDAQ: AMAT) and other peers including KLA Corporation (NASDAQ: KLAC) traded lower in sympathy with Lam Research (NASDAQ: LRCX) after LRCX reported disappointing guidance.
LRCX -3.3%AMAT -1.9%KLAC -1%
... More
Lam Research (LRCX) Tops Q2 EPS by 15c
October 20, 2021 4:08 PM EDTLam Research (NASDAQ: LRCX) reported Q2 EPS of $8.36, $0.15 better than the analyst estimate of $8.21. Revenue for the quarter came in at $4.3 billion versus the consensus estimate of $4.32 billion.
GUIDANCE:
Lam Research sees Q3 2022 EPS of $7.87-$8.87, versus the consensus of... More
