Lam Research earnings top Street view, but outlook virtually in line with consensus

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 34 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 97%

Indonesia Berita Berita

Indonesia Berita Terbaru,Indonesia Berita utama

Midpoint of Lam earnings outlook is $6.78, while Street expects $6.77

Lam Research Corp. shares slipped in the extended session Wednesday even after the wafer-fab-equipment market’s results topped Wall Street expectations but its earnings forecast midpoint was a penny more than the consensus estimate.

The company reported fiscal first-quarter net income of $887.4 million, or $6.66 a share, down from $1.43 billion, or $10.39 a share, in the year-ago period. Adjusted earnings fell to $6.85 a share from $10.42 in the year-ago period. The company said it expects fiscal second-quarter earnings of $6.03 to $7.53 a share on revenue of $3.4 billion to $4 billion.

“Lam continues to deliver strong results despite a cyclically soft year for wafer fabrication equipment spending,” said Tim Archer, Lam Research’ chief executive, in a statement. “There are tremendous growth vectors ahead for Lam, and we are investing strategically to drive long-term outperformance.”

Berita ini telah kami rangkum agar Anda dapat membacanya dengan cepat. Jika Anda tertarik dengan beritanya, Anda dapat membaca teks lengkapnya di sini. Baca lebih lajut:

 /  🏆 3. in İD
 

Terima kasih atas komentar Anda. Komentar Anda akan dipublikasikan setelah ditinjau.

Indonesia Berita Terbaru, Indonesia Berita utama

Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.

Lam Research earnings: What to expectLam reports fiscal first-quarter earnings after Wednesday’s closing bell
Sumber: MarketWatch - 🏆 3. / 97 Baca lebih lajut »

Johnson & Johnson's stock climbs after company beats earnings estimates and raises profit guidanceJohnson & Johnson raised its full year EPS guidance and lifted the midpoint of its sales range
Sumber: MarketWatch - 🏆 3. / 97 Baca lebih lajut »