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

To: Return to Sender who wrote (89633)	1/25/2023 9:54:51 PM
From: Return to Sender	1 Recommendation Recommended By Sam Read Replies (2) \| Respond to of 95432

Lam Research beats by $0.71, beats on revs; guides Q3 EPS below consensus, revs below consensus 4:09 PM ET 1/25/23 \| Briefing.com Reports Q2 (Dec) earnings of $10.71 per share, excluding non-recurring items, $0.71 better than the S&P Capital IQ Consensus of $10.00; revenues rose 24.9% year/year to $5.28 bln vs the $5.08 bln S&P Capital IQ Consensus. Co issues downside guidance for Q3, sees EPS of $5.75-7.25, excluding non-recurring items, vs. $7.73 S&P Capital IQ Consensus; sees Q3 revs of $3.5-4.1 bln vs. $4.31 bln S&P Capital IQ Consensus.Co added, "Given the decline in wafer fabrication equipment spending expected in calendar year 2023, we are taking proactive steps to lower our cost structure and drive efficiencies across our global footprint, while preserving critical R&D. With these actions, Lam is focused on accelerating our strategic priorities to capitalize on the semiconductor industry's long-term growth prospects."