Lam Research Q4 Adj EPS $5.98 Beats $5.07 Estimate, Sales $3.21B Beat $3.13B Estimate
Portfolio Pulse from Benzinga Newsdesk
Lam Research reported Q4 adjusted earnings of $5.98 per share, beating the analyst consensus estimate of $5.07 by 17.95%. However, this is a 32.28% decrease from the same period last year. The company also reported quarterly sales of $3.21 billion, beating the estimate of $3.13 billion by 2.46%, but this is a 30.82% decrease from the same period last year.
July 26, 2023 | 8:11 pm
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Lam Research's Q4 earnings and sales beat estimates but are significantly down from the same period last year.
While Lam Research beat analyst estimates for Q4 earnings and sales, the significant decrease from the same period last year could potentially offset any positive impact from beating estimates. This could lead to a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100