<<Lam Research Q4 profit beats Street view; gives Q1 view
uk.reuters.com
(Adds Q1 outlook from conference call)
July 29 (Reuters) - Lam Research Corp (LRCX.O: Quote, Profile, Research), a supplier of tools for etching circuits onto microchips, posted quarterly profit helped in part by better-than-expected revenue growth, but forecast first-quarter revenue below analysts' estimates.
The company posted fourth-quarter earnings of $72.2 million, or 57 cents a share, compared with $170.2 million, or $1.28 a share, a year earlier.
Total revenue fell more than 16 percent to $566.2 million.
Excluding items, the company earned 60 cents a share.
Analysts on average were expecting the company to earn 39 cents a share, before items, on revenue of $549.1 million, according to Reuters Estimates.
For the first quarter, Lam Research forecast GAAP earnings of 21 cents to 27 cents a share, on revenue of $425 million to $455 million.
Analysts were expecting earnings of 37 cents a share, before items, on revenue of $509.4 million.>>
Until the news given in the conference call of Q1 earnings, LRCX was up in AH trading. After the call, LRCX traded down and closed at 30.91, down 0.68(-2.15 percent) from regular market close of 31.59. |
