Lam Research (LRCX) Tops Q4 EPS by 2c; Guides Below Views
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January 27, 2022 6:39 AM EST
Stifel analyst Patrick Ho lowered the price target on Lam Research (NASDAQ: LRCX) to $775.00 (from $790.00) while maintaining a Buy rating following results.
The analyst commented, "On Wednesday, Lam Research reported mixed results (lower revenues, higher EPS), but delivered an outlook well below expectations.... More
January 26, 2022 5:28 PM EST
Lam Research (NASDAQ: LRCX) shares were trading around 6% lower after-hours following the companys Q4 results. EPS came in at $8.53, slightly above the consensus estimate of $8.51. Revenue was $4.23 billion, missing the consensus of $4.41 billion.
According to Tim Archer, President and CEO of Lam Research,... More
January 26, 2022 4:40 PM EST
Applied Materials (NASDAQ: AMAT) traded lower after the close Wednesday following results and guidance from from Lam Research (NASDAQ: LRCX).
Lam Research declined 6% and Applied Materials was lower by 3.4%. KLA Corporation (NASDAQ: KLAC) was lower by 3.4%.
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