Lam Research (LRCX) Stock Falls 6% as Q4 EPS Beat, But Guidance Misses
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Go back to Lam Research (LRCX) Stock Falls 6% as Q4 EPS Beat, But Guidance Misses
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 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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January 26, 2022 4:10 PM EST
Lam 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
