Lam Research’s 4Q Guidance Tops Estimates After 3Q Beat
Priti Ramgarhia- April 22, 2021, 10:15 AM EDT SHARE ON: Lam Research Corporation, a semiconductor company, posted better-than-expected guidance for the fiscal fourth quarter after results topped consensus estimates in fiscal 3Q. Lam Researchâs ( LRCX) 3Q adjusted earnings increased 24% on a sequential basis to $7.49 per share and surpassed the Street estimates of $6.60. Revenue surged 11% sequentially to $3.85 billion and outpaced analystsâ expectations of $3.69 billion. The companyâs adjusted gross margin came in at 46.3%, down 30 basis poi...