Lam Research Corporation Reports Financial Results for the Quarter Ended December 25, 2016
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Lam Research (LRCX) PT Raised to $100 at Susquehanna Following Earnings Report
January 26, 2017 7:57 AM ESTSusquehanna raised its price target on Lam Research (NASDAQ: LRCX) to $100.00 (from $92.00) while maintaining a Neutral rating following the company's 2Q earnings report.
Analyst Mehdi Hosseini commented, "As was expected, Lam's revenue and shipment guide was solid and implying 2017 WFE spend that is tracking up 5-10% (and off of a higher base in 2016). The company's shipment guide suggests 2H shipment in 2017 will decline by 25-30% vs. 1H. Thus,... More
Lam Research (LRCX) Tops Q2 EPS by 5c, Offers Q3 Guidance
January 25, 2017 4:10 PM ESTLam Research (NASDAQ: LRCX) reported Q2 EPS of $2.24, $0.05 better than the analyst estimate of $2.19. Revenue for the quarter came in at $1.88 billion versus the consensus estimate of $1.84 billion.
GUIDANCE:
Lam Research sees Q3 2017 EPS of $2.55 at mid-point, versus the consensus... More
