Ternium (TX) to Report Q1 Earnings: What s in the Cards? Zacks.com 2 hrs ago
Ternium S.A. TX is slated to release first-quarter 2021 results after the closing bell on Apr 27. Benefits of higher steel prices and healthy shipments are likely to reflect on its first-quarter results.
The Luxembourg-based company surpassed the Zacks Consensus Estimate in each of the trailing four quarters, the average being 197.8%. It posted an earnings surprise of roughly 83.5% in the last reported quarter.
The stock has rallied 180.9% in the past year compared with the industry’s 159.4% rise. © Provided by Zacks.com
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Lam Research (LRCX) Q3 Earnings & Revenues Beat Estimates Zacks.com 2 hrs ago
Lam Research Corporation LRCX reported third-quarter fiscal 2021 non-GAAP earnings of $7.49 per share, which surpassed the Zacks Consensus Estimate of $6.56. Also, the figure increased 24.2% sequentially.
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Adjusted revenues increased 11.3% sequentially and 53.7% year over year to $3.85 billion. The reported revenues also outpaced the Zacks Consensus Estimate by 4.01%.
The year-over-year growth was driven by increased investments across varied sectors such as data centers, smartphones, personal computer gaming consoles, IoT and automotive.
During the quarter, the company witnessed strong demand in key electronic categories, including PCs, storage and networking. Also, Lam Research saw broad-based strength in Foundry-Logic spending, including leading-edge nodes. In addition, it saw an increase in NAND demand related to 5G migration, video and new game consoles. It also witnessed persi