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Technology Stocks : Semi Equipment Analysis
SOXX 283.58+0.3%Nov 25 4:00 PM EST
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To: The Ox who wrote (85399)7/29/2020 4:37:00 PM
From: Sam2 Recommendations

Recommended By
Sr K
The Ox

   of 95471
 
Lam up to 375 AH at the moment.
Lam Research Sees 1Q Adj EPS $4.75-Adj EPS $5.55 >LRCX

Lam Posts Higher 2Q Sales, Profit Despite Pandemic
DOW JONES & COMPANY, INC. 4:34 PM ET 7/29/2020

Symbol Last Price Change
LRCX 360.83 +11.9 (+3.41%)
QUOTES AS OF 04:00:00 PM ET 07/29/2020


Lam Research Corp. (LRCX) posted a higher second-quarter profit and stronger sales even as the Covid-19 pandemic hampered economies around the world during the period.

The chipmaker on Wednesday said it generated $696.7 million in earnings, or $4.73 a share, up from $541.8 million, or $3.51 a share, last year. Adjusted earnings per share were $4.78, the company said.

Revenue rose to $2.79 billion from $2.5 billion.

Analysts polled by FactSet predicted adjusted earnings of $4.06 a share on $2.68 billion in revenue.

"Lam delivered strong financial results in the June quarter despite tremendous global health, macroeconomic, and geopolitical uncertainty," Chief Executive Tim Archer said in a statement.

Write to Micah Maidenberg at micah.maidenberg@wsj.com
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