Lam A
Lam Analysis (LRCX) closed at $195.01 within the newest buying and selling session, marking a +0.45% transfer from the prior day. This modification lagged the S&P 500’s 0.47% acquire on the day. Elsewhere, the Dow gained 0.95%, whereas the tech-heavy Nasdaq added 2.3%.
Coming into as we speak, shares of the semiconductor tools maker had misplaced 41.85% prior to now month. In that very same time, the Pc and Expertise sector misplaced 28.18%, whereas the S&P 500 misplaced 28.7%.
Buyers shall be hoping for power from LRCX because it approaches its subsequent earnings launch. On that day, LRCX is projected to report earnings of $4.57 per share, which might characterize year-over-year progress of 23.51%. In the meantime, our newest consensus estimate is asking for income of $2.80 billion, up 14.96% from the prior-year quarter.
For the complete yr, our Zacks Consensus Estimates are projecting earnings of $16.82 per share and income of $10.43 billion, which might characterize modifications of +15.6% and +8%, respectively, from the prior yr.
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