RLXXF (RLXXF)

Lam Research (NASDAQ:LRCX) Trading 18.1% Higher on Earnings Beat

Lam Research (LRCX) is being sold with a group it does not belong to, and that is the argument for the upgrade. Read more here...

At one point, LRCX stock was up 23% on the day before pulling back slightly. Still, the shares are on track for their largest same-day percentage increase since January 1999, according to market data. Lam Research announced earnings per share (EPS) of $1.82, which was well ahead of the $1.69 ...

Earnings Surge: Social media lit up following Lam Research's fiscal fourth-quarter report, which showed record revenue of $6.72 billion and robust margins that exceeded guidance. Analysts and investors highlighted the 30% year-over-year growth and record operating margins as signs of sustained ...

The company's adjusted earnings per share of $1.82 beat analyst estimates by 8.1%, while its revenue of $6.72 billion was in line with expectations and represented a 30% increase from the same quarter last year. The primary driver for the stock's rally was its impressive guidance.