Lam Research pops as Q4 results, guidance blow past expectations
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Lam Research (NASDAQ:LRCX) shares rose more than 3.5% in extended hours trading after the semiconductor capital equipment company reported quarterly results that topped estimates and issued strong guidance.
For the period ending June 25, Lam Research (LRCX) earned an adjusted $5.98 per share on $3.21B in revenue. A consensus of analyst estimates expected Lam Research to earn $5.13 per share on $3.15B in revenue.
Looking ahead, Lam Research (LRCX) expects first-quarter revenue to be between $3.1B to $3.7B, with the mid-point above the $3.28B estimate. The company also foresees adjusted gross margins for the period between 45.5% and 47.5%, while adjusted operating margins are forecast to fall within a range of 27% to 29%.
The company will host a conference call at 5 p.m. EST to discuss the results.
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