We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type |
---|---|---|---|
Lam Research Corporation | NASDAQ:LRCX | NASDAQ | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
12.87 | 1.42% | 921.40 | 920.58 | 922.15 | 922.2099 | 910.57 | 915.28 | 45,413 | 14:58:15 |
By Maria Armental
Lam Research Corp. reported higher December-quarter profit and revenue and company officials said supply-chain conditions worsened in late December.
Second-quarter profit rose to $1.19 billion from $869.2 million a year earlier. On a per-share basis, the profit was $8.44, or $8.53 as adjusted.
Revenue for the quarter ended Dec. 26 rose to $4.23 billion from $3.46 billion a year earlier.
Analysts surveyed by FactSet had projected $8.43 a share in profit, or $8.52 a share as adjusted, on $4.41 billion in revenue.
"Lam delivered record calendar year 2021 financial performance within a robust wafer fabrication spending environment" Chief Executive Tim Archer said in a statement, adding: "While supply chain conditions worsened in late December and are causing near-term impacts to our results, we expect wafer fabrication equipment investments to again increase in calendar year 2022, leading to another strong growth year for Lam."
Write to Maria Armental at maria.armental@wsj.com
(END) Dow Jones Newswires
January 26, 2022 16:34 ET (21:34 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
1 Year Lam Research Chart |
1 Month Lam Research Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions