Lam Research (LRCX) Tops Q2 EPS by 66c; Offers Q3 Guidance
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Lam Research (LRCX) earnings as expected in a 'historically bad' memory market states analyst
January 26, 2023 2:00 PM ESTLam Research (NASDAQ: LRCX) gained Thursday after it topped profit and revenue expectations, resulting in a somewhat neutral response from analysts.
LRCX posted earnings of $10.71 per share, $0.66 better than the analyst estimate of $10.05. Revenue for the quarter came in at $5.28 billion versus the consensus estimate of $5.11 billion.
Morgan Stanley analyst Joseph Moore told investors in a note that the... More
