News Formal

Lam forecasts revenue below estimate as chip industry faces weak demand

  • 📰 SaltWire Network
  • ⏱ Reading Time:
  • 9 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 7%
  • Publisher: 63%

United States News News

United States United States Latest News,United States United States Headlines

Explore stories from Atlantic Canada.

- Chip-making tools supplier Lam Research forecast second-quarter revenue slightly below Wall Street estimates on Wednesday, as demand from chipmakers remained under pressure due to sluggish consumer spending on electronics.

Lam expects current-quarter revenue of $3.7 billion plus or minus $300 million, compared with analysts' estimate of $3.65 billion, according to LSEG data.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 45. in US

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Marketmind: Stocks break higher, but for longer too?Explore stories from Atlantic Canada.
Source: SaltWire Network - 🏆 45. / 63 Read more »