Lam Research (LRCX) Stock Falls 6% as Q4 EPS Beat, But Guidance Misses
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Lam Research (LRCX) PT Lowered to $775 at Stifel
January 27, 2022 6:39 AM ESTStifel 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
Applied Materials (AMAT), Peers Trades Lower in Sympathy with Lam Research (LRCX)
January 26, 2022 4:40 PM ESTApplied 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%.
Lam Research (LRCX) Tops Q4 EPS by 2c; Guides Below Views
January 26, 2022 4:10 PM ESTLam Research (NASDAQ: LRCX) reported Q4 EPS of $8.53, $0.02 better than the analyst estimate of $8.51. Revenue for the quarter came in at $4.23 billion versus the consensus estimate of $4.41 billion.
GUIDANCE:
Lam Research sees Q1 2023 EPS of $7.45 at the midpoint, versus the... More
