Lam Research Expects Q4 Revenue Of $3.8B +/-$300M (Est $3.772B); Adj EPS Of $7.50 +/- $0.75 (Est $7.33)
Portfolio Pulse from Benzinga Newsdesk
Lam Research projects its Q4 revenue to be around $3.8 billion, with a possible deviation of $300 million, surpassing the estimated $3.772 billion. The company also forecasts an adjusted EPS of $7.50, with a margin of error of $0.75, which is higher than the expected $7.33.
April 24, 2024 | 8:26 pm
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Lam Research expects Q4 revenue to exceed estimates with a forecast of $3.8 billion and an adjusted EPS of $7.50, both higher than analyst expectations.
Lam Research's projection of higher-than-expected revenue and EPS for Q4 suggests a positive outlook for the company's financial performance. This is likely to instill confidence among investors and could lead to an increase in the stock price in the short term, given the company's performance surpasses market expectations.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100