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Stock impact report

Analysts Lift Price Targets on Lam Research Corporation (LRCX ) Following Strong Quarter Results [Yahoo! Finance]

Lam Research Corporation (LRCX) 
Last lam research corporation earnings: 4/22 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.lamresearch.com
Company Research Source: Yahoo! Finance
Stock market data showing an upward trajectory. Photo by Burak The Weekender on Pexels Revenue came in at $5.34 billion, surpassing Wall Street's expectations of $5.26 billion. Adjusted earnings were logged at $1.27 per share, beating estimates by 10 cents. LRCX's shares gained 3.2% in extended trading after the results were announced. Investor sentiment was further strengthened by the company's forecasts for the quarter ending in March. Lam Research Corporation (NASDAQ:LRCX) anticipates revenue of $5.7 billion for the quarter, within a range of plus or minus $300 million, compared with estimates of $5.34 billion, as soaring AI demand drives higher orders for chipmaking tools. Moreover, its net income per diluted share is projected to be between $1.25 and $1.45, again surpassing analysts' forecast of $1.20 per share. Following the earnings call, several research firms lifted their price targets on the stock on January 29, including Morgan Stanley, Goldman Sachs, Citigroup, an Show less Read more
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