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Technology Stocks : Semi Equipment Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Return to Sender who wrote (84530)

1/29/2020 4:19:26 PM

From: Sam

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Lam Research stock rallies after earnings, outlook beat
MARKETWATCH 4:17 PM ET 1/29/2020

Symbol Last Price Change

LRCX	298.22	-3.47 (-1.15%)
QUOTES AS OF 04:00:00 PM ET 01/29/2020

Lam Research Corp. (LRCX) shares rallied in the extended session Wednesday after the chip-equipment maker's quarterly results and outlook topped Wall Street results. Lam shares surged 5% after hours, following a 1.2% decline in the regular session to close at $298.22. The company reported fiscal second-quarter net income of $514.5 million, or $3.43 a share, compared with $568.9 million, or $3.51 a share, in the year-ago period. Adjusted earnings were $4.01 a share. Revenue rose to $2.58 billion from $2.52 billion in the year-ago quarter. Analysts surveyed by FactSet had forecast earnings of $3.85 a share on revenue of $2.51 billion. Lam expects fiscal third-quarter earnings of $4.15 to $4.95 a share on revenue of $2.6 billion to $3 billion, while analysts had forecast $3.98 a share on revenue of $2.58 billion.

-Wallace Witkowski; 415-439-6400; AskNewswires@dowjones.com