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Technology Stocks : Lam Research (LRCX, NASDAQ): To the Insiders
LRCX 159.33-1.8%Nov 7 9:30 AM EST

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To: Kirk © who wrote (5614)4/12/2007 7:09:05 PM
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Lam Research up after results beat Wall Street's outlook
Marketwatch - April 12, 2007 4:27 PM ET

SAN FRANCISCO (MarketWatch) -- Lam Research Corp. shares rose Thursday evening after the chip-equipment maker's quarterly earnings and sales surpassed analysts' expectations.

Lam (LRCX) shares gained 0.8% to trade at $51.40, at last check.

The chip-equipment maker posted a 91% jump in fiscal third-quarter net earnings to $164.7 million, or $1.15 a share, from $86.3 million, or 60 cents a share, last year. Revenue rose to $650.3 million from $437.4 million. Analysts polled by Thomson Financial were expecting earnings of $1.06 a share on revenue of $644 million.
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