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Lam Research (LRCX) Q2 Earnings & Revenues Beat Estimates

Lam Research Corporation (LRCX) reported second-quarter fiscal 2019 non-GAAP earnings of $3.87 per share, which beat the Zacks Consensus Estimate by 20 cents. The figure increased 15.2% sequentially but was down 10.8% year over year.

Adjusted revenues increased 8.2% sequentially but decreased 2.2% year over year to $2.52 billion, beating the Zacks Consensus Estimate of $2.5 billion.

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https://finance.yahoo.com/news/lam-resea...02303.html

Here's Why Momentum Investors Will Love Lam Research (LRCX)
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Below, we take a look at Lam Research which currently has a Momentum Style Score of B. We also discuss some of the main drivers of the Momentum Style Score, like price change and earnings estimate revisions.
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https://www.zacks.com/stock/news/631093/...earch-lrcx?

Lam Research (LRCX) Surpasses Q2 Earnings and Revenue Estimates

Lam Research (LRCX) came out with quarterly earnings of $4.01 per share, beating the Zacks Consensus Estimate of $3.81 per share. This compares to earnings of $3.87 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of 5.25%. A quarter ago, it was expected that this semiconductor equipment maker would post earnings of $3 per share when it actually produced earnings of $3.18, delivering a surprise of 6%.

Over the last four quarters, the company has surpassed consensus EPS estimates four times.

Lam Research, which belongs to the Zacks Semiconductor Equipment - Wafer Fabrication industry, posted revenues of $2.58 billion for the quarter ended December 2019, surpassing the Zacks Consensus Estimate by 3.22%. This compares to year-ago revenues of $2.52 billion.


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https://finance.yahoo.com/news/lam-resea...10027.html