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Benzinga
Benzinga
Business
Henry Khederian

Why Lam Research Shares Are Falling

Lam Research Lam Research Corporation

Lam Research Corporation (NASDAQ:LRCX) shares are trading lower after the company reported mixed second-quarter earnings results and issued third-quarter EPS guidance below estimates.

Lam Research reported quarterly earnings of $8.53 per share which beat the analyst consensus estimate of $8.51. The company also reported quarterly sales of $4.23 billion which missed the analyst consensus estimate of $4.41 billion by 4%. This is a 22% increase over sales of $3.46 billion in the same period last year.

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