Lam is regaining AH what it lost during today's trading session.
Lam Research Rising on Q4: CEO Sees Record Spending in 2018 -- Barron's Blog
DOW JONES & COMPANY, INC. 4:33 PM ET 1/24/2018
Shares of chip equipment maker Lam Research(LRCX) are up $4.27, or 2%, at $214, in late trading, after the company this afternoon reported fiscal Q2 revenue and profit that topped analysts expectations, and forecast this quarter's revenue and earnings comfortably higher as well.
Calling it "another record quarter," CEO Martin Anstice said the company expects 2018 to bring "record levels of customer equipment spending and another year of outperformance opportunity for the company."
He cited the fact that "semiconductor innovation is contributing increased value in a data-driven economy and we believe that trend is quite fundamental, exciting and sustainable."
Revenue in the three months ended in December rose 37%, year over year, to $2.58 billion, yielding EPS of $4.34 per share, excluding some costs.
Analysts had been modeling $2.57 billion and $3.67 per share.
Lam's gross profit margin in the quarter rose to 47.6% from 47.2% in the prior quarter.
Lam's deferred revele rose to $1.1 billion from $938 million in the September quarter.
For the current quarter, the company sees revenue in a range of $2.725 billion to $2.975 billion, ahead of the average $2.65 billion estimate. EPS is seen in a range of $4.20 to $4.50, versus consensus for $3.77.
More at Barron's Tech Trader Daily blog, barrons.com |
