Lam Research Stock Climbs After Better-Than-Expected Q1 Results: Details
Portfolio Pulse from Erica Kollmann
Lam Research Corporation reported better-than-expected Q1 earnings and revenue, leading to a 4.89% increase in its stock price after-hours. The company sees positive future growth, driven by investments in semiconductor technology.
October 23, 2024 | 9:08 pm
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Lam Research reported Q1 earnings of 86 cents per share, beating the consensus estimate of 80 cents. Revenue was $4.17 billion, surpassing the expected $4.051 billion. The stock rose 4.89% after-hours. The company projects continued growth in semiconductor technology.
Lam Research's better-than-expected earnings and revenue indicate strong financial health and operational efficiency. The positive outlook on semiconductor technology investments suggests potential for future growth, contributing to the stock's rise.
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