Lam Research Q2 2024 Adj EPS $7.52 Beats $7.10 Estimate, Sales $3.76B Beat $3.71B Estimate
Portfolio Pulse from Benzinga Newsdesk
Lam Research reported its Q2 2024 adjusted earnings per share (EPS) at $7.52, surpassing the analyst estimate of $7.10. The company's sales for the quarter were $3.76 billion, also exceeding the expected $3.71 billion.
January 24, 2024 | 9:06 pm
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Lam Research exceeded Q2 2024 EPS and sales estimates, which could lead to a positive short-term reaction in its stock price.
Beating both EPS and sales estimates is a strong indicator of a company's performance and often results in a positive market response. Investors typically view such earnings beats as a sign of operational efficiency and strength in the company's business model.
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