Lam Research Q4 2024 Adj EPS $7.78 Beats $7.58 Estimate, Sales $3.87B Beat $3.82B Estimate
Portfolio Pulse from Benzinga Newsdesk
Lam Research (NASDAQ:LRCX) reported Q4 2024 adjusted EPS of $7.78, beating the estimate of $7.58. Sales were $3.87 billion, surpassing the $3.82 billion estimate and marking a 20.67% increase from the same period last year.
July 31, 2024 | 8:07 pm
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Lam Research reported strong Q4 2024 results with EPS of $7.78 beating estimates and sales of $3.87 billion also surpassing expectations. This performance indicates robust growth and could positively impact the stock price in the short term.
The company's earnings and sales both exceeded analyst expectations, and the significant year-over-year sales growth of 20.67% suggests strong operational performance. This positive financial news is likely to drive the stock price up in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100