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Stock impact report

Lam Research quarterly revenue misses estimates, shares fall [Yahoo! Finance News]

Lam Research Corporation (LRCX) 
Last lam research corporation earnings: 4/22 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.lamresearch.com
Reuters) - Lam Research Corp reported third-quarter revenue on Wednesday that missed analysts' estimates, sending the chip equipment maker's shares down more than 2% after market.Along with several other chip industry peers who reported earnings in recent weeks, Lam also refrained from providing a forecast for the current quarter, citing the uncertainty caused by the coronavirus outbreak.The impact from the globally spreading virus began to materialize in the company's manufacturing and supply chain operations in the latter part of the March quarter as shelter-in-place orders went into effect across many regions, Chief Executive Officer Tim Archer said.The pandemic has wreaked havoc in the chip industry, as strict lockdown rules globally to curb the spread of the virus have disrupted operations and supply chains, even though many plants were eventually allowed to remain open.Lam was impacted earlier as some operations in the San Francisco Bay Area and supply chain activities in Malays Show less Read more
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