From Financial Modeling Prep: 2024-10-24 11:20:00

Lam Research (NASDAQ:LRCX) shares surged over 4% today after reporting better-than-expected first-quarter earnings and revenue. The semiconductor equipment manufacturer exceeded Street expectations with adjusted earnings per share of $0.86 and revenue of $4.17 billion, up 7.6% year-over-year.

The company’s positive outlook for the upcoming quarter further boosted investor confidence. Lam Research anticipates second-quarter revenue between $4 billion and $4.6 billion, with adjusted earnings per share expected to range from $0.77 to $0.97. This guidance surpasses Wall Street projections, with the midpoint revenue estimate at $4.3 billion.



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