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Shares of Lam Research (NASDAQ:LRCX) fell after the company reported Q3 results.
Quarterly Results
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Earnings per share rose 88.19% year over year to $7.49, which beat the estimate of $6.60.
Revenue of $3,848,000,000 up by 53.67% year over year, which beat the estimate of $3,690,000,000.
Outlook
Lam Research Sees Q4 Adj. EPS $7.00-$8.00 vs $6.74 Est., Sales $3.75B-$4.25B vs $3.68B Est.
Conference Call Details
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Date: Apr 21, 2021
Time: 05:00 PM
ET Webcast URL: https://edge.media-server.com/mmc/p/4s6in6if
Technicals
Company's 52-week high was at $669.00
Company's 52-week low was at $229.69
Price action over last quarter: Up 26.30%
Company Description
Lam Research manufactures equipment used to fabricate semiconductors. The firm is focused on the etch, deposition, and clean markets, which are key steps in the semiconductor manufacturing process, especially for 3D NAND flash storage, advanced DRAM, and leading-edge logic/foundry chipmakers. Lam's flagship Kiyo, Vector, and Sabre products are sold in all major geographies to key customers such as Samsung Electronics, Micron, and Taiwan Semiconductor Manufacturing.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.