Lam Research Corp. (NASDAQ:LRCX) posted upbeat second-quarter earnings on Wednesday.
Lam Research reported quarterly earnings of $1.27 per share, which beat the Street estimate of $1.17 by 8.45%, according to Benzinga Pro. Quarterly revenue of $5.35 billion beat the analyst consensus estimate of $5.24 billion and was up from $4.38 billion from the same period last year.
“Lam delivered another strong quarter to cap a record year,” said Tim Archer, Lam Research CEO.
Lam Research is looking for third-quarter adjusted EPS of $1.25 to $1.45, versus the $1.20 analyst estimate and third-quarter revenue of $5.4 billion to $6 billion, versus the $5.3 billion analyst estimate.
Lam Research shares rose …