Lam Research (LRCX, NASDAQ): To the Insiders Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Lam Research (LRCX, NASDAQ): To the Insiders

LRCX 161.21

+2.4%

Nov 3 3:59 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: etchmeister who wrote (5822)	10/22/2010 2:12:51 PM
From: Proud_Infidel	Read Replies (1) of 5867

Lam Research Corporation (NASDAQ: LRCX) reported 3QCY sales of $806 mn (+16% qoq), slightly above the high end of guidance, Goldman Sachs reports. “Operating EPS was $1.52, $0.14 above our estimate and $0.15 above the Street. EPS upside vs. our estimate was driven by higher sales, a higher gross margin, lower SG&A expense, lower taxes, and a lower share count,” Goldman Sachs writes. “Shipments of $808 mn (+16% qoq) were in line and guided +7% qoq in 4QCY10.” Goldman Sachs reiterates its CL-Buy and says that it would be aggressively adding to positions, adding, “We expect Street estimates to move significantly higher after the report, as the Street is modeling a drop-off in sales beginning in 1QCY11, which we believe is highly unlikely, given Lam's strong shipment guidance.” Lam Research currently trades for $41.25.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next