Lam Research (LRCX ) PT Lowered to $625 at Morgan Stanley
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Lam Research (LRCX) Shares Down as Results, Guidance Miss Estimates, Analysts Lower Price Targets
April 21, 2022 8:20 AM EDTLam Research (NASDAQ: LRCX) issued a weaker-than-expected adjusted EPS guidance, sending its shares tumbling nearly 2% in premarket trading.
The water fabrication equipment supplier reported Q3 adjusted EPS of $7.40, down from $7.49 YoY and below the consensus estimates of $7.52 per share. Revenue came in at $4.06 billion, up 5.5% YoY and below the expected $4.25 billion.
Systems revenue stood at $2.65 billion in the period, missing the consensus of $2.8 billion. Customer... More
