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Technology Stocks : Semi Equipment Analysis
SOXX 291.39+2.8%4:00 PM EST
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To: Donald Wennerstrom who wrote (82343)1/23/2019 4:11:59 PM
From: Sam2 Recommendations

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Lam Research Tops Q2 Expectations
MT NEWSWIRES 4:09 PM ET 1/23/2019

Symbol Last Price Change
LRCX 139.33 -0.56 (-0.4%)
QUOTES AS OF 04:00:00 PM ET 01/23/2019


04:09 PM EST, 01/23/2019 (MT Newswires) -- Lam Research(LRCX) reported Q2 earnings of $3.87 per share, up from $3.36 per share in the prior quarter and ahead of the analyst consensus of $3.68 per share on Capital IQ. Revenue was $2.522 billion, a gain from the $2.330 billion posted in Q3 and better than expectations of $2.495 billion.

For Q3, the company is targeting earnings of $3.40 per share, plus or minus $0.20 per share, on revenue of $2.4 billion, plus or minus $150 million. The Street consensus stands at earnings of $3.38 per share on revenue of $2.453 billion.

Price: 142.88, Change: +3.55, Percent Change: +2.55
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