Lam Research Q3 2024 Adj EPS $7.79 Beats $7.30 Estimate, Sales $3.793B Beat $3.724B Estimate
Portfolio Pulse from Benzinga Newsdesk
Lam Research (LRCX) reported Q3 2024 adjusted earnings of $7.79 per share, surpassing the consensus estimate of $7.30. Quarterly sales reached $3.793 billion, also beating estimates of $3.724 billion but marking a 1.99% decrease from the previous year.
April 24, 2024 | 8:07 pm
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Lam Research reported higher-than-expected Q3 2024 earnings and sales, with adjusted EPS at $7.79 and sales of $3.793 billion.
Beating both earnings and sales estimates typically leads to positive investor sentiment and can result in a short-term stock price increase. The reported decrease in year-over-year sales might temper the positive impact slightly, but the overall beat on expectations is likely to be the dominant factor in the short term.
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IMPORTANCE 90
RELEVANCE 100