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MarketScreener Homepage  >  Equities  >  Nasdaq  >  Lam Research Corporation    LRCX

LAM RESEARCH CORPORATION

(LRCX)
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Lam Research: Fiscal 1Q Earnings Snapshot

10/21/2020 | 04:15pm EST

FREMONT, Calif. (AP) _ Lam Research Corp. (LRCX) on Wednesday reported fiscal first-quarter profit of $823.5 million.

The Fremont, California-based company said it had profit of $5.59 per share. Earnings, adjusted for non-recurring costs, were $5.67 per share.

The results exceeded Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $5.17 per share.

The semiconductor equipment maker posted revenue of $3.18 billion in the period, also exceeding Street forecasts. Five analysts surveyed by Zacks expected $3.1 billion.

For the current quarter ending in January, Lam Research expects its per-share earnings to range from $5.20 to $6. Analysts surveyed by Zacks had forecast adjusted earnings per share of $5.09.

The company said it expects revenue in the range of $3.1 billion to $3.5 billion for the fiscal second quarter. Analysts surveyed by Zacks had expected revenue of $3.1 billion.

Lam Research shares have risen 26% since the beginning of the year, while the Standard & Poor's 500 index has risen 6.5%. In the final minutes of trading on Wednesday, shares hit $367.10, an increase of 54% in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on LRCX at https://www.zacks.com/ap/LRCX

Copyright by Automated Insights, Inc. All rights reserved., source Associated Press News

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Financials (USD)
Sales 2021 12 936 M - -
Net income 2021 3 224 M - -
Net cash 2021 1 693 M - -
P/E ratio 2021 20,3x
Yield 2021 1,13%
Capitalization 64 291 M 64 291 M -
EV / Sales 2021 4,84x
EV / Sales 2022 4,46x
Nbr of Employees 11 700
Free-Float 49,4%
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Technical analysis trends LAM RESEARCH CORPORATION
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TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 26
Average target price 418,67 $
Last Close Price 446,44 $
Spread / Highest target 12,0%
Spread / Average Target -6,22%
Spread / Lowest Target -42,9%
EPS Revisions
Managers
NameTitle
Timothy M. Archer President, Chief Executive Officer & Director
Abhijit Y. Talwalkar Chairman
Kevin Jennings Senior Vice President-Global Operations
Douglas R. Bettinger CFO, Chief Accounting Officer & Executive VP
Richard A. Gottscho Chief Technology Officer & Executive VP
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